Railways: Nationalisation

(asked on 10th October 2024) - View Source

Question to the Department for Transport:

To ask His Majesty's Government, further to the remarks by Baroness Blake of Leeds on 7 October that savings of between £110 million and £150 million would accrue from the public ownership of the railway (HL Deb col 1833), how this figure was calculated.


Answered by
Lord Hendy of Richmond Hill Portrait
Lord Hendy of Richmond Hill
Minister of State (Department for Transport)
This question was answered on 24th October 2024

The figures represent the expected savings in fees which will no longer be payable to private-sector operators, each year, once all currently franchised services have transferred to public ownership. A range is presented because these fees include both fixed and performance-based elements, so future years’ values are subject to some uncertainty.

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