I congratulate you on your elevation, Madam Deputy Speaker. I congratulate all hon. Members from all parts of the House who have made maiden speeches today. I refer the House to my declaration in the Register of Members’ Financial Interests as a proud trade union member.
I begin by paying tribute to my right hon. Friend the Secretary of State for getting us to this point. She has moved swiftly, with tenacity and vigour, in doing what is right for the country and the travelling public. I know that the Secretary of State will see this task through to the very end. I also pay tribute to the train drivers from ASLEF union who were outside today showing their support for this Bill and our rail workers in the RMT and Transport Salaried Staffs Association unions.
Railway privatisation has failed. Franchising has failed. The railways have become symbolic of rip-off Britain where the public pay more and get less, the gains are privatised and the losses are picked up by the taxpayer. Members of the Opposition will accuse us of being ideological with the Bill. It was their Government in 1994 who embarked on a ruthless privatisation of yet another natural monopoly, laying the foundations for a system where public subsidy in effect gets paid out to shareholders as dividends. Perhaps it is only the Opposition Members—and, of course, Michael Portillo—who still hold on to the belief that franchising has worked. How embarrassing is it that the Conservative party’s legacy has already given my right hon. Friend a helping hand, with one in four passenger services already being run by the state owing to their failures in office?
Saving talk on infrastructure for another day, the sheer lack of capacity on the west coast main line and between our great northern cities has led my part of the world to be consistently failed. My constituents in Liverpool Wavertree and the wider city of Liverpool have come to have low expectations in respect of the service on offer from our railway operators when they decide not to plonk their car on the M62 or the M6. TransPennine Express—the main carrier between Liverpool, Manchester, Leeds, Hull and Newcastle—was nothing short of a disgrace as a private entity, with as many as one in six of its services cancelled in March 2023, two months before the Government intervened. Moving on, north-west, north Wales, west midlands and many Scottish MPs will have experienced the utter chaos of Avanti West Coast. I wonder if that is why the shadow Under-Secretary of State has hotfooted it from Crewe and Nantwich to his current seat in Bexhill and Battle.
Avanti is an absolute professional in failing the public and its dedicated staff. I understand from the Secretary of State’s letter to hon. Members that she has not yet decided on the timing of each transfer, but I would be surprised if Avanti was able to make it until October 2026 when its core term expires. I know that she will be keeping a close eye on that failed operator in the coming period. Avanti still had the temerity to pay out over £11 million in dividends last year alone, having had the second-worst record for cancellations across the entire UK in the last quarter. Enough is enough.
I am excited by this piece of legislation, because I know that it will make a genuine difference. Once and for all, it will be this Labour Government who end the great train robbery.