Speaking at the Labour Party Conference on Monday 28 September 2026, Heidi Alexander, the MP for Swindon South and Transport Secretary, said the Government would look at whether Great British Railways (GBR) should directly own newly ordered trains. Swindon24 reported the speech on Tuesday 29 September.
What would change?
For nearly three decades most passenger trains have not been owned by the companies that run them. They are leased from private rolling stock companies. Swindon24, citing the Department for Transport, said franchised operators spent more than £4 billion in 2024 leasing and maintaining trains they did not own.
Ms Alexander said: "If GBR owning trains would best serve taxpayers and passengers then we should do it."
