Labour Pledges to Nationalise the Rail Network: Shadow Transport Secretary Louise Haigh

Published 2024-04-25
The Labour Party is pledging to nationalise the railways. They vow to bring rail networks back into public ownership within their first term in power, a plan that they say will prevent taxpayers from having to cover any compensation.

Shadow Transport Secretary Louise Haigh joins GMB to explain how the new public body - Great British Railways - would be funded.

Broadcast on 25/04/24

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All Comments (21)
  • @gavinsmith9564
    All natural monopolies, so water, gas and electricity, they all need to be nationalised, no more ripping off consumers for shareholder profits.
  • @Harryjw67
    Actual good news. Let’s hope Labour actually stick to their promise this time around
  • if it is essential for the country to function it needs to be nationalized. simple as that. you can have private companies for sure but there always needs to be that baseline to maintain standards
  • @Validifyed
    I worry the government doesn't have enough money for a move like this. But a nationalized rail, and especially bringing ticket costs back into the realm of sanity, would be a massive boost for the whole economy.
  • @bereal6590
    Excellent, the shadow minister is absolutely correct 👏👏👏✊
  • @GromDarkwater
    So the people claiming it will be a bad idea are those who will lose the most. They are totally not bias
  • Hopefully this will make rail actually affordable because private ownership clearly doesn't.
  • @C4mrin
    Water and Rail is publicly owned in Scotland - Water quality is good compared with rUK - Rail needs more time to stabilise after poor privatisation - so we are talking England here
  • @DilanPerera1
    One more good reason to vote for Labour! We must renationalise other public services such as electricity and water too... Tories will never do this!
  • @chat4783
    As a Regular Train travellers,the people object the Nationalisation don't understands that our train ticket is more expensive than Switzerland rail price or average restaurants in Switzerland.
  • @chelseaboyijm
    Nationalisation is a good policy for more sectors.
  • @TarlachOakleaf
    Did anyone mention the water companies? The rest I'm not too concerned about, but rail and water have to be fixed.
  • @AK_UK_
    Prices to take the train from one city to another is just horrendous!
  • @Neil-qf6df
    Good....hopefully prices for users will drop to a reasonable amount. Next should be water, gas and electricity.
  • @creasicle
    Crazy. It's almost as if when you allow profit-making companies into a marketplace where consumers have literally no choice but to consume their product, that the companies rip them off charging unjustifiably high prices while providing a service that can only be described as inadequate. Shareholders make loads of money while their bosses lobby MPs trying to persuade them that actually they're doing a fab job and could be charging way more but they're super nice guys really and just want to help out. It's almost as if unregulated capitalism is LITERALLY ALWAYS nothing more than shameless profiteering which puts companies and shareholders before ordinary people.
  • @frankbagshaw6886
    I remember the nationised water cos, no pressure from government to fix leaks and stand-pipes in the streets when there was a water shortage.
  • @jackspring7709
    Changing the operator of the trains while leaving the ownership of rolling stock in private hands will achieve very little - Labour are leaving the most profitable part of rail to private companies. Its not nationalisation.