Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Rail legislation ‘unlikely’ before general election, government admits

by November 15, 2023
November 15, 2023
Rail legislation ‘unlikely’ before general election, government admits

The government has admitted it is “unlikely” that legislation for Great British Railways (GBR) will be passed before the next general election.

Comments made today by transport secretary Mark Harper has poured cold water on a key pillar of planned government reforms.

GBR, first put forward by Boris Johnson in 2021, proposes the creation of a state-owned ‘guiding mind’ for Britain’s struggling rail sector, reducing fragmentation and government oversight.

The project, which is backed by rail operators and Network Rail, was included in the King’s Speech last week as part of a draft Rail Reform Bill.

But Harper told a Transport Select Committee hearing today: “It’s unlikely that we’ll be able to proceed to full legislation this session.”

Harper faced a grilling from committee chair Iain Stewart, who argued the legislation is “fairly simple” and that there had “already been a consultation on it.”

“Given the debate over it, I don’t think it is [simple]” Harper said. “There’s still quite a bit of difference of opinion about what people are trying to achieve with the legislation and there are different views from different parts of the industry,” he said.

Harper’s reluctance to commit to legislation comes amid concerns in the sector over delays to GBR’s roll-out.

Rail companies view it as a critical fix for Britain’s long-troubled railway service, which has never really got back to its best following the pandemic and is struggling with debt and costs.

GBR was included in last springs’ Transport Bill, but was axed in October by the then-transport secretary Anne-Marie Trevelyan.

Labour back rail reform but are expected to announce plans for full nationalisation in the coming weeks, a policy opposed by rail operators.

A slew of key industry figures and infrastructure groups wrote to the Prime Minister in May, urging him to not delay the roll-out any further or else risk business confidence.

Read more:
Rail legislation ‘unlikely’ before general election, government admits

0
FacebookTwitterGoogle +Pinterest
previous post
Independent Scottish organic whisky distillery Nc’nean secures new funding package
next post
Automated Crypto Trading Solutions

You may also like

Trump media company shares soar after attempted assassination

July 16, 2024

Mike Ashley appoints youngest daughter as director to...

August 23, 2024

Top Review Management Strategies You Need to Focus...

August 19, 2022

Inflation forecast hit two-year low

March 16, 2024

Small Business Saturday launches Mentoring and Support Campaign

October 5, 2023

Royal Mail chief warns Labour: support postal reforms...

September 7, 2024

Development Bank of Wales joins Admiral Pioneer in...

October 12, 2022

Cloud-Based Remote Monitoring for Manufacturing – Key Benefits

March 27, 2024

How to protect yourself when using payment methods...

November 11, 2022

Apple pull the plug on self-driving electric car...

February 28, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • What’s Driving the Drop in Overdose Deaths?

      May 15, 2025
    • The real breakthrough in U.S.–China trade talks is much bigger than just tariffs

      May 15, 2025
    • Dem senator says ‘no doubt’ Biden declined cognitively during presidency

      May 15, 2025
    • Trump makes historic UAE visit as first US president in nearly 30 years

      May 15, 2025
    • GOP reps, advocacy group to target competitive House districts in Trump tax-cut push

      May 15, 2025
    • Biden’s pandemic playbook failed. Trump just offered a smarter path forward

      May 15, 2025

    Categories

    • Business (7,966)
    • Investing (1,960)
    • Politics (15,230)
    • Stocks (3,084)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved