Third Reading

In a statement to the House of Commons, the minister responsible for the Department of Transport highlighted the significance of the Bill being the first major piece of legislation to pass through the Commons under the current Labour government. The minister emphasized the government's commitment to rebuilding Britain and returning to a politics of service, which is reflected in the decision to bring the country's railways back into public ownership. The minister outlined the immediate benefits of this move, stating that the railways will now serve the interests of passengers and taxpayers, and that the government will drive up performance by removing the burden of private sector management fees. The minister also warned that contracts will be terminated early if operators fail to deliver on their commitments, and that the government is already working with various rail companies to improve service. The minister acknowledged that the Bill is not a silver bullet, but rather the first step in a journey towards a modern railway system for a modern Britain. The minister highlighted the plan to introduce separate legislation later in the session to address the wider reforms required, including the establishment of Great British Railways, which will bring track and train together, increase innovation, and end outdated working and management practices. The minister expressed a sense of urgency, stating that they are not prepared to wait and have already taken steps to stand up a shadow Great British Railways to begin the process of modernization and improvement for passengers and freight. The minister thanked the various officials and parliamentary colleagues who have contributed to the Bill's passage, and emphasized the importance of the railways in supporting economic growth, clean energy, and delivering hope and opportunity to communities across the country.