Jeremy Corbyn reveals first official policy: To renationalise the railways
‘Jeremy Corbyn unveils his first official policy since becoming leader of the Labour Party, with plans for a “People’s Railway” under which his government would fast-track a renationalisation of England’s rail network.
The plans would lead to a third of franchises being brought under public ownership by 2025 if he became prime minister at the next election. Mr Corbyn will announce that each route would be renationalised when its franchise expired. Some five out of 16 franchises are due to expire between 2020 and 2025, including East Coast, Southern and TransPennine Express.
Mr Corbyn will make rail renationalisation Labour Party policy at his first conference as leader, which starts in Brighton next Sunday. The move will fuel the Conservative Government’s claim that the new Labour leader is a threat to the economy. However, a poll two years ago showed that two-thirds of voters support renationalisation.’
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