This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/news/business-43157177
The article has changed 3 times. There is an RSS feed of changes available.
| Version 1 | Version 2 |
|---|---|
| British Rail could be revived under Labour | British Rail could be revived under Labour |
| (35 minutes later) | |
| Labour could bring back British Rail as part of its renationalisation plan, with shadow chancellor John McDonnell promising "full integration, as best we can" between track and train. | Labour could bring back British Rail as part of its renationalisation plan, with shadow chancellor John McDonnell promising "full integration, as best we can" between track and train. |
| Management of the network - track, signalling and major stations - was split from train operations during the break-up of British Rail in the 1990s. | Management of the network - track, signalling and major stations - was split from train operations during the break-up of British Rail in the 1990s. |
| The network is now run by Network Rail, a government-controlled company. | The network is now run by Network Rail, a government-controlled company. |
| The trains are split into 25 privately owned franchises. | The trains are split into 25 privately owned franchises. |
| In an interview with the BBC, Mr McDonnell hinted Labour would not buy back franchises and compensate their shareholders with government bonds - the system he has suggested for water renationalisation - but rather wait for franchises to expire. | In an interview with the BBC, Mr McDonnell hinted Labour would not buy back franchises and compensate their shareholders with government bonds - the system he has suggested for water renationalisation - but rather wait for franchises to expire. |
| "As the franchises end, we would bring them back into public ownership," he said. | "As the franchises end, we would bring them back into public ownership," he said. |
| "We want to ensure full integration as best we can, because that will bring efficiencies. It will mean a more effective and a safer railway." | "We want to ensure full integration as best we can, because that will bring efficiencies. It will mean a more effective and a safer railway." |
| Industry experts are split over the case for reintegration, let alone nationalisation. | Industry experts are split over the case for reintegration, let alone nationalisation. |
| Michael Holden, the experienced railway executive who was called to run Directly Operated Railways, the government-owned franchise that took over the East Coast main line in 2007, said he was not in favour. | Michael Holden, the experienced railway executive who was called to run Directly Operated Railways, the government-owned franchise that took over the East Coast main line in 2007, said he was not in favour. |
| "I think if it's done properly, the current system can work well. You have train companies which are focused on the passenger, and of a size that you can properly manage. You are not always worried about the infrastructure problems," he said. | "I think if it's done properly, the current system can work well. You have train companies which are focused on the passenger, and of a size that you can properly manage. You are not always worried about the infrastructure problems," he said. |
| Despite privatisation, the railway network is still heavily reliant on government subsidy, with the government injecting about £3.5bn a year. | Despite privatisation, the railway network is still heavily reliant on government subsidy, with the government injecting about £3.5bn a year. |
| You can download the podcast of Dominic's full report on the Today programme here. |