From The Guardian
Plans to bring the national rail network back under public ownership in order to halt big fare increases and prevent private companies siphoning off huge profits will be considered by Labour as part of its policy review...
If adopted it would mean ending franchises as they come up for renewal on the east coast, west coast and midland mainlines – ousting the likes of Sir Richard Branson from one of the country's most profitable routes – and bringing the running of trains and infrastructure under one publicly owned and accountable company...
The authors estimate that £1.2bn of public money has been lost each year as a direct result of privatisation and fragmentation, money that could have allowed fares to be 18% lower than at present.