Labour promises rail nationalisation within five years of coming to power

Party pledges to bring all passenger rail – but not rolling stock – into public ownership as contracts with train operators expire

Labour will fully nationalise the train network within five years of coming to power, with a pledge to guarantee the cheapest fares as part of “the biggest reform of our railways for a generation”.

One of Labour’s first major acts in government will bring all passenger rail into national ownership under Great British Railways as contracts with private operators expire, a plan endorsed by the architect of the Conservatives’ own rail plan.