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Alex today called on Labour to renationalize the railways – with the successful East Coast Mainline as the model. Sign his petition now.

Alex today joined 30 other Labour Parliamentary candidates to urge Ed Miliband to add rail nationalisation to energy market reforms – as part of Labour’s drive to tackle the cost of living crisis.

 

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A letter to the Observer was signed by Alex, and by other local Leeds and Pudsey Labour PPCs – Jamie Hanley, Vron King and Richard Burgon

‘Rail fares in Britain are contributing to the cost-of-living crisis, with season tickets now the largest monthly expense for many people, costing even more than the mortgage or rent.

Just as Labour has pledged to freeze energy bills and reset the market to secure a better deal for customers, so it will be necessary to reform the rail industry to secure a better deal for passengers.

Train companies walk away with hundreds of millions of pounds every year, despite running monopoly services and benefiting from £4bn of public investment in the rail network every year. These profits are even helping keep down rail fares on the continent as many of Britain's rail services are run by subsidiaries of the state railways of France, Germany and the Netherlands.

Yet the not-for-private-profit model that works so well on the East Coast line has shown how there is a better way to run Britain's rail services. As well as making over £1bn of franchise payments to government, East Coast reinvests all of its further profit to benefit passengers.

A commitment to extend this successful model to the rest of the rail network, as existing contracts come to an end, would mean that hundreds of millions currently lost in private profit would be available to fully fund a bold offer on rail fares.’

Alex has long campaigned against the re-privatisation of East Coast Mainline.

 

Sign his petition to Keep East Coast Mainline Public – http://www.alexsobel.org/keep_our_east_coast_public

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