
It would cost nothing to bring back train operations into public hands. The Government would have two options: either it would not renew the franchises when they expire or, as the companies got into financial difficulties, they could be taken over. Additionally private-sector train operators receive a huge direct subsidy from the Government.
This is just subsidising their profits. It would be cheaper and in the public interest to operate the trains directly. The current mess doesn’t serve the general public, the taxpayer or the rail commuter. The Labour Party that I would lead would start listening to the public for the first time in a long time. On the railways, as on other issues, I would introduce policies that made sense instead of running scared of big-money interests.
You can read the whole of Labour leadership hopeful Diane Abbott’s great Sunday Express article here. What a disgrace that none of the other candidates supports renationalisation.
PS: If there's anyone out there who is still not convinced about renationalising the railways, please read this.