Labour has pledged to renationalise the railways if elected, with the shadow transport secretary saying that “today’s broken model simply doesn’t work”. A Labour government would expect to transfer the 10 remaining privately run rail networks to public ownership “well within the first term” by folding existing private passenger rail contracts into a new body as they expire, Louise Haigh said at a launch event. Kicking off her announcement at Trainline headquarters in central London, the shadow transport secretary said the UK deserves “to be proud” of its rail legacy. Continue reading: https://www.standard.co.uk/business/business-news/labour-pledges-to-renationalise-railways-well-within-first-term-if-elected-b1153760.html Subscribe to the Evening Standard: https://bit.ly/Subscribe-to-Evening-Standard for latest breaking news from the UK, US and around the world, plus podcasts and features. Evening Standard on socials: Check out our full video catalog: null Videos, daily editorial and more: https://www.standard.co.uk/ Like us on Facebook: https://www.fb.com/eveningstandard Follow us on Twitter: https://twitter.com/eveningstandard and Instagram: https://www.instagram.com/evening.standard