COVID-19 Recovery Impacts: Nationalisation of Britain’s Railway System Progresses

After rail companies have already received bailouts worth £ 3.5 billion over the past few months of the COVID-19 recovery phase, signals increase that the railway system in Britain will be nationalised as reported on 09th July, 2020. The Office for National Statistics published a review that suggests counting the debt of railway operators on the government balance sheet. In light of continuous low passenger numbers and lacking revenues, additional recovery packages to be issued by the government are likely needed. This development will fuel the national debate about a new public-private partnership model for the public transport sector.