Louise Haigh

Louise Haigh

Labour — Sheffield Heeley

Speaking in the House of Commons on 11 November 2024

Debate

Rail Performance

Contribution

One of the purposes of this reform was to save the taxpayer money, and bringing operators into public ownership as their contracts expire means there will be no compensation. We will also be saving the money currently leaking out of the system through dividends and management fees. It would not be fiscally prudent in the current environment to spend billions of pounds on nationalising the rolling stock, so we will continue the current arrangement whereby private finance is leveraged into rolling stock companies.

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