A leaked draft of Labour’s manifesto has revealed that it plans to re-nationalise railways if it wins the General Election on 8 June.
The latest polls say a Labour win is unlikely, but if it does win, it says it will invest £250bn in infrastructure over a 10 year period.
The draft manifesto, published by the BBC, says Labour will go ahead with big ticket infrastructure projects such as High Speed 2 (HS2) and Crossrrail 2. It pledges to take HS2 into Scotland and to put commuter rail lines around London into the hands of Transport for London.
It says: “A Labour government will link HS2 with other new investments, such as Crossrail of the North. To harness the economic potential of new technologies and science we will complete the Science Vale transport arc, from Oxford to Cambridge through Milton Keynes.
“In London, to ensure our capital continues to prosper, we will build Crossrail 2 and devolve responsibilities for running the commuter train lines to the Transport for London authority.”
The draft manifesto also says that high fares and an “increasingly unreliable and overcrowded service” could be improved through rail nationalisation.
It says: “A different system is possible. A Labour government will prioritise public service over private profit. And we will start by bringing our railways back into public ownership, as franchises expire. A Labour government will introduce a Public Ownership of the Railways Bill to repeal the Railways Act 1993 under which the Conservatives privatised our railways.”
The Labour Party finalised its manifesto yesterday and it is due to be officially published next week.
The Conservative Party manifesto is expect to be published shortly.