Three London Commuter Rail Companies To Be Renationalised Next Yearr

Three rail companies serving London commuters will be renationalised by Labour next year under a “major shake-up” of British railways.South Western Railways, C2C and Greater Anglia will be the first operators to be transferred into public ownership next year, the Government has announced.The Government said the transition to a publicly owned railway will improve reliability and support its number one priority of boosting economic growth by encouraging more people to use the railway.It will also clamp down on “unacceptable levels” of delays, cancellations, and waste seen under decades of failing franchise contracts, it was claimed.The Government said the change will save up to £150 million a year in fees alone by ensuring money is spent on services rather than private shareholders.Wednesday’s announcement will see services across southern England and East Anglia come back into public control in less than 12 months.