Three UK rail companies to be renationalised next year

Three key UK rail companies will be renationalised next year under Labour's “major shake-up” of British railways.

She said bringing the operators into public ownership was a “first step” to a “more integrated and unified railway”, and pointed to the impact seen by bringing LNER and Southeastern into public ownership. She said punctuality and cancellation rates had improved for LNER and Southeastern since the Department for Transport took over running them.

“The commercial realities of the railways are very challenging at the moment,” she said. “Even under public ownership we’ve got to make sure that we’ve got enough money to provide the services that people want. Asked why Avanti will not be among the first operators to be brought into public ownership, the Transport Secretary said the decision was based on when contracts expire.Greater Anglia has reached a stage in its contract that allows the Government to issue an expiry notice and give a date for the transition, which will take place in autumn 2025.

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