Following the announcement by the Government that the East Coast rail line is to be renationalised, Euro MP Alex Mayer has called for the move to be made permanent and said it is time for a Government apology for the failed privatisation experiment.
Ms Mayer said “Let’s hope this time the East Coast mainline is back in public hands for good.
“Three times in under a decade, private companies have failed on the East Coast. The line is only successful with public ownership, when it was the best-performing operator on the network.”
The East Coast was a successful public company between 2009 and 2014 returning over £1bn to the Treasury.
The Labour MEP continued: “The line was cynically re-privatised on the eve of the 2015 General Election, when the then Secretary of State for Transport and current Chair of the Conservative Party, said: ‘I believe Stagecoach and Virgin will not only deliver for customers but also for the British taxpayer.’ I wonder if he still stands by that flawed statement?
“It is high time for an apology for passengers. The privatisation experiment has failed."
“We should take heed of other successful European models of rail ownership and I look forward to a Labour government which will bring all rail lines back under public control where they belong.”