The point is, I think, that the new legislation will not produce a monopoly like BR was.
Allowing multiple operators means the level playing field of access charges and competition regulated by ORR will continue to apply.
There will be two railway Bills, one to allow state control in place of franchising, the other to set up GBR as public sector operator (scope and structure to be defined).
I didn't notice anything said about fares reform, or a new passenger offer, although that might emerge in the debate on the King's speech.
More devolution to English mayors seems very likely.