I congratulate you on your election, Madam Deputy Speaker, and hon. Members on delivering their maiden speeches today. I thank you for calling me to speak in this important debate on the Bill, which is widely welcomed by rail trade unions and will ensure that train services will be brought under public ownership as private companies’ existing contracts expire.
Many of us have long campaigned for the renationalisation of our railways, so today marks a hopeful turning point for our transport system. Time and again, privatisation has proven to be a failed imposition that has resulted in fare increases, falling real wages, a declining quality of service, and crisis after crisis in timetabling. At the crux of the privatisation problem has been the pursuit of profit at the expense of the taxpayer, railway workers and passengers. The negative impact of privatisation is far-reaching, as non-profitable railway lines are discounted, fares are raised above affordability or service quality is compromised. It is no wonder that distrust of the railway industry is rife, and that there has been consistent, long-term consensus for an integrated, publicly owned railway.
Compared with privatised railways, a publicly owned railway does not need to be driven to maximise profits through cuts or price hikes. Instead, a publicly owned railway enables transparent costing and sustainable funding. It means public investment in rail services, and properly staffed trains and stations. It means investing in green transport, and creating green jobs that are both socially and economically sustainable. It also means—I say this as somebody who campaigned alongside the RMT against ticket office closures—ensuring accessibility and reflecting the needs of a diversity of rail users, including disabled people. And, yes, public rail investment will aid much-needed economic growth.
People are absolutely desperate for material change. This Government promised to deliver investment, public ownership and employment rights, and the Bill before
the House today is a positive first step towards a fully integrated, publicly owned railway. Our railways exist to support us, and people, not profiteering, should be at the heart of our railways.