UK Railways Begin Renationalisation with South Western Railway Transition in 2025
The Passenger Railway Services Act 2024 sets the stage for a phased return of rail franchises to public ownership, but fare hikes and operational challenges remain.
- The Passenger Railway Services (Public Ownership) Act 2024 has become law, initiating the renationalisation of rail franchises, starting with South Western Railway in May 2025.
- Other franchises, including c2c and Greater Anglia, will follow later in 2025, with full public ownership expected by 2032 as contracts expire.
- While nationalisation aims to simplify ticketing and improve accountability, fares will still rise by 4.6% next March, with no immediate promise of cheaper travel for passengers.
- The government faces significant financial challenges, with taxpayer subsidies for railways currently at £12.5 billion annually, and operational improvements remain uncertain.
- Critics argue that public ownership alone will not resolve issues like delays, infrastructure bottlenecks, and declining passenger numbers post-pandemic.