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yesterday

UK Rail Renationalisation Gains Momentum as South Western Railway Joins Public Sector

Ministers highlight TransPennine Express’s reliability improvements to bolster a strategy that will see every franchise return to public hands by 2027.

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Overview

  • On Sunday the Labour Government brought South Western Railway under the Department for Transport Operator following TransPennine Express’s takeover in 2023.
  • Since its renationalisation in May 2023 TransPennine Express has cut cancellations by 75 percent and grown passenger journeys by 42 percent.
  • The Department for Transport Operator reports TransPennine Express generated £1.4 billion in economic value during the 2023/24 financial year.
  • Rail Minister Lord Hendy described TransPennine Express as the blueprint for the future Great British Railways network.
  • TPE’s managing director said public ownership and an October 2023 improvement plan provided the stability to focus on passengers, colleagues and communities.