Railways: Nationalisation

(asked on 24th July 2025) - View Source

Question to the Department for Transport:

To ask His Majesty's Government, with reference to paragraph 5.80 of the Spending Review 2025, published on 11 June, what estimates or forecasts have been made of (1) the rail passenger services subsidy, (2) passenger ridership, (3) passenger revenue, and (4) efficiencies and savings through public ownership, for each of the financial years until 2029–30.


Answered by
Lord Hendy of Richmond Hill Portrait
Lord Hendy of Richmond Hill
Minister of State (Department for Transport)
This question was answered on 28th July 2025

Rail passenger services subsidy is expected to reduce by over 50 per cent from £2.4 billion in 2024-25.

The Spending Review settlement assumes that passenger revenue increases by an average of 6 per cent per annum over the period.

Public ownership will result in a reduction in the fees paid to private sector operators and enable efficiencies to be delivered through horizontal integration of operators. Costs are assumed to increase by less than revenue each year, resulting in the net subsidy reduction.

Reticulating Splines