UK Labour leader to unveil rail nationalization plan

UK Labour Party leader Jeremy Corbyn is set to announce his plan for the full renationalization of the railways as his first major policy, reports say.

Corbyn will make the announcement at the Labour conference in Brighton next week, the Guardian says.

He will put forward plans for this to be one of the first acts of any Labour government led by him in 2020, meaning a third of the railways would be in public hands by the end of his first parliament in 2025, the report added.

Corbyn is not likely to have any difficulty getting the proposal through party conference which has voted for rail renationalization many times.

The Labour chief’s policies include spending more on public services like schools and hospitals, scrapping nuclear weapons, renationalizing industries like the railways, according to reports.


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