South Western Railways will be the first train company to be nationalised in May 2025.
South Western Railway will return to the public sector next May but will it make any difference for passengers?
Under the existing system, Britain's railway lines are run by train operating companies as franchises for a fixed length of time. SWR is the company with the franchise that ends soonest, hence why its railway services will be the first ones nationalised.The government stepped in to prevent every train operator collapsing, ending the system of private sector franchising.
This gives ministers and their civil servants greater control of day-to-day running of the railway than they ever had under British Rail.No. In the Budget on 30 October, Chancellor Rachel Reeves announced that regulated fares would rise in January by 4.6%.Total public spending on the railway in the UK in 2023-24 was £26.8 billion, according to government statistics. So it is not a huge saving.
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