Rail renationalisation is back on the cards again, with the Labour party contemplating whether to include a pledge to renationalise the railways in its manifesto for the General Election next May. Like bus regulation, the question of how our railways are managed is one that endures. When the railways were last in private ownership (pre-1948), nationalisation was seen (by some) as a panacea; now that they are back in private hands again, the reverse seems to be the case.
Nationalisation...
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