SWR to be first train UK operator to be renationalised under Labour plan

Reuters - 04/12
South Western Railway will be the first train operator in Britain to be renationalised under plans by the Labour government to fix the country's troubled railway system, the department for transport said on Wednesday.
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LONDON, Dec 4 (Reuters) - South Western Railway will be the first train operator in Britain to be renationalised under plans by the Labour government to fix the country's troubled railway system, the department for transport said on Wednesday.
Operating from London Waterloo train station, SWR, one of the biggest commuter services in the country, will come under public ownership next year, the transport department said.
SWR is currently operated by listed UK transport group FirstGroup (FGP.L), opens new tab and Hong Kong's MTR.
Britain's train services were privatised in the 1990s, but several operators have been renationalised in recent years by previous administrations, some of them losing their franchises after underperforming.
The government wants to set up a publicly owned Great British Railway...
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