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The actual railways (that is, the tracks and the stations) are already government owned anyway (Network Rail).

Network Rail sells access to the network to train operating companies, which are private (though often state-owned by other countries).

The network was originally built by private companies until nationalisation in 1947 (railway companies were bankrupt after WW2). It was private for a while in the 90s, then went bankrupt and renationalised in 2002. Seems to be quite the money pit!




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