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East Coast Main Line ‘more reliable and more profitable’ following ‘total failure of privatisation’

It's rare to hear good news about Britain's railways, but this should instil some cheer after years of privatised misery.

Jack Peat by Jack Peat
2024-11-15 16:22
in News
credit;PA

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The East Coast Main Line has become significantly more reliable since it was taken into public ownership, with driver-caused cancellations falling close to zero.

The franchise was stripped from Virgin and Stagecoach in 2018 after the private partnership was found to be losing an average of £2 per second during the three years they were in charge.

It marked the first of many privatised franchises to be taken back into public ownership, with Labour pledging to renationalise most rail services within five years.

Taking to social media, transport secretary Louise Haigh hailed a “reset” in industrial relations which has enabled the government to put rail passengers first.

Per her tweet, there have been 100 more services in the past month and a £15 million boost for the public purse which would have otherwise being dolled out as shareholder dividends.

Watch the clip in full below:

This Government is putting passengers first.

We’ve reset industrial relations and delivered a new LNER working agreement which has seen:

⬆️ 100 more services in the past month
📉Driver caused cancellations plummeting to near 0
💷A £15 million boost for the public purse pic.twitter.com/viNEVbUnhd

— Louise Haigh (@LouHaigh) November 14, 2024

Related: Prince William booed during visit to UK university

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Tags: Louise Haigh

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