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DfT Operator
DfT Operator Limited (DFTO), formerly known as DfT OLR Holdings Limited, is a British government-owned holding company established in 2018 by the Department for Transport (DfT). It was created to act as the operator of last resort for rail franchises in England, taking over train operating companies (TOCs) that are either financially failing or being returned to public ownership at the end of their contract terms. DFTO’s role has significantly expanded since its inception, particularly following the passage of the Passenger Railway Services (Public Ownership) Act 2024, which enabled the government to assume ownership of passenger rail services without buying out private contracts. Under this framework, the government has announced that it will not renew existing private rail operating contracts, instead transferring services to DFTO as they expire. This policy forms part of the Labour Party's commitment to renationalise passenger rail, a key pledge of its 2024 general electio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State Ownership
State ownership, also called public ownership or government ownership, is the ownership of an Industry (economics), industry, asset, property, or Business, enterprise by the national government of a country or State (polity), state, or a public body representing a community, as opposed to an individual or Private property, private party. Public ownership specifically refers to industries selling goods and services to consumers and differs from Public good, public goods and government services financed out of a Government budget, government's general budget. Public ownership can take place at the Central government, national, regional government, regional, local government, local, or municipal levels of government; or can refer to non-governmental public ownership vested in autonomous public enterprises. Public ownership is one of the three major forms of property ownership, differentiated from private, Collective ownership, collective/cooperative, and common ownership. In marke ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Northern Trains
Northern Trains, Trade name, trading as Northern, is a British train operating company that operates Commuter rail, commuter and Inter-city rail, medium-distance intercity services in the North of England. It is owned by DfT Operator for the Department for Transport (DfT), after the previous operator Arriva Rail North had its franchise terminated at the end of February 2020. The company commenced operating the Northern franchise on 1 March 2020, taking over from Arriva Rail North. The prior operator had its franchise terminated early by the DfT in January 2020 amid widespread dissatisfaction over its performance, particularly in respect of poorly implemented timetable changes. The DfT had opted to hand the operation of the franchise over to the operator of last resort. At the commencement of operations, Northern publicly stated that its immediate aims were to improve service reliability and to proceed with the introduction of new rolling stock. For the latter, both the British Ra ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
InterCity East Coast
InterCity East Coast is a railway franchise for passenger trains on the East Coast Main Line in the United Kingdom from London King's Cross to Hull, Leeds, Bradford, Harrogate, Newcastle, Edinburgh, Glasgow, Inverness and Aberdeen. It was formed during the privatisation of British Rail and transferred to the private sector in April 1996. Initially operated by Great North Eastern Railway (GNER), it was later operated by National Express East Coast, East Coast and Virgin Trains East Coast. In June 2018 the franchise was terminated and the trains and stations taken back into public ownership; since then, services are provided by London North Eastern Railway (LNER), a company owned by the Department for Transport. History Great North Eastern Railway In April 1996, Sea Containers, operating under the GNER brand, commenced a seven-year contract to operate the franchise. In March 2000, the Shadow Strategic Rail Authority (SRA) shortlisted Sea Containers and Virgin Rail Grou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Virgin Trains East Coast
Virgin Trains East Coast (VTEC) (legal name East Coast Main Line Company Limited) was a train operating company in the United Kingdom that operated the InterCity East Coast franchise on the East Coast Main Line between London, Yorkshire, the North East England, North East and Scotland. It commenced operations on 1 March 2015, taking over from East Coast (train operating company), East Coast as a joint venture between Stagecoach Group, Stagecoach (90%) and Virgin Group (10%). It was originally intended to run until 2023 and return £3.3 billion to the government in the form of franchise premiums, but, due to the line performing below VTEC's expectations, it was announced in May 2018 that the contract would be terminated early by the government; VTEC ceased operating on 23 June 2018, when operations passed to the government-owned operator, London North Eastern Railway. While the operation itself was profitable, VTEC placed part of the blame for the under-performance with respect ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Railways Act 1993
The Railways Act 1993 (c. 43) was introduced by John Major's Conservative government and passed on 5 November 1993. It provided for the restructuring of the British Railways Board (BRB), the public corporation that owned and operated the national railway system. Background While the administration of Margaret Thatcher had not done so, the Major government were determined to privatise British Rail. Railways in the 18th and 19th centuries had originally been built and run with private capital, but subsidised heavily by Parliament and communities who gave land for building through compulsory purchase. Rail was increasingly regulated, for instance under the Railways Act 1921, but was finally nationalised by the Transport Act 1947. Calls for reform of the nationalised system combined with people who believed only the private sector could run rail to ensure better service for passengers at less cost. This led to the Railways Act 1993. Contents The legislation created a new regula ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Manifesto
A manifesto is a written declaration of the intentions, motives, or views of the issuer, be it an individual, group, political party, or government. A manifesto can accept a previously published opinion or public consensus, but many prominent manifestos—such as ''The Communist Manifesto'' (1848) and those of various artistic movements—reject accepted knowledge in favor of a new idea. Manifestos relating to religious belief are generally referred to as ''creeds'' or ''confessions of faith''. Etymology The Italian word , itself derived from the Latin , meaning "clear" or "conspicuous". Its first recorded use in English is from 1620, in Nathaniel Brent's translation of the Italian from Paolo Sarpi's ''History of the Council of Trent'': "To this citation he made answer by a Manifesto" (p. 102). Similarly, "They were so farre surprised with his Manifesto, that they would never suffer it to be published" (p. 103).''Oxford English Dictionary,'' s.v. “manifesto (n.) ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2024 United Kingdom General Election
The 2024 United Kingdom general election was held on Thursday, 4 July 2024 to elect all 650 members of the House of Commons of the United Kingdom, House of Commons. The opposition Labour Party (UK), Labour Party, led by Keir Starmer, won a landslide victory over the governing Conservative Party (UK), Conservative Party under Prime Minister of the United Kingdom, Prime Minister Rishi Sunak, ending 14 years of Conservative rule. Labour secured 411 seats and a 174-seat majority, the fourth-best showing in the party's history and its best since 2001 United Kingdom general election, 2001. The party's vote share was 33.7%, the lowest of any majority party on record, making this the #Proportionality concerns, least proportional general election in British history. They became the largest party in England, Scotland, and Wales. The Conservatives suffered their worst-ever defeat, winning just 121 seats with 23.7% of the vote and losing 251 seats, including those of former prime minister ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Labour Party (UK)
The Labour Party, often referred to as Labour, is a List of political parties in the United Kingdom, political party in the United Kingdom that sits on the Centre-left politics, centre-left of the political spectrum. The party has been described as an alliance of social democrats, democratic socialists and trade unionists. It is one of the Two-party system, two dominant political parties in the United Kingdom; the other being the Conservative Party (UK), Conservative Party. Labour has been led by Keir Starmer since 2020 Labour Party leadership election (UK), 2020, who became Prime Minister of the United Kingdom following the 2024 United Kingdom general election, 2024 general election. To date, there have been 12 Labour governments and seven different Labour Prime Ministers – Ramsay MacDonald, MacDonald, Clement Attlee, Attlee, Harold Wilson, Wilson, James Callaghan, Callaghan, Tony Blair, Blair, Gordon Brown, Brown and Starmer. The Labour Party was founded in 1900, having e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Passenger Railway Services (Public Ownership) Act 2024
The Passenger Railway Services (Public Ownership) Act 2024 is an Act of Parliament (United Kingdom), act of the Parliament of the United Kingdom which provided for the renationalisation of Train operating company, train operating companies. History The Labour Party (UK), Labour Party first adopted a policy of nationalisation of the train operating companies in 2016, and this policy was developed during the tenure of Andy McDonald as Shadow Secretary of State for Transport. Before the act was passed, London North Eastern Railway, Southeastern (train operating company), Southeastern, Northern Trains and TransPennine Express, Transpennine Express were under the control of DfT OLR Holdings, the operator of last resort owned by the Department for Transport. The Welsh Government took control of Transport for Wales Rail, Transport for Wales in 2021. The Scottish Government took control of ScotRail in 2019 and the Caledonian Sleeper in 2023. Railway operations in Northern Ireland ar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Train Operating Companies
In the railway system of Great Britain, a train operating company (TOC) is a railway undertaking operating passenger trains under the collective National Rail brand. TOCs have existed since the privatisation of the network under the Railways Act 1993. There are two types of TOC: most hold franchises let by the Department for Transport (DfT) through a tendering system, to operate services on certain routes for a specified duration, while a small number of open-access operators hold licences to provide supplementary services on chosen routes. These operators can run services for the duration of the licence validity. The franchised operators have changed considerably since privatisation: previous franchises have been divided, merged, re-let to new operators, or renamed. Some privately-operated franchises have been taken over by a government-owned operator of last resort, due either to failing expectations or to events on the rail system as a whole. The term is also sometimes u ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Operator Of Last Resort
An operator of last resort is a business in the United Kingdom that operates a Passenger rail franchising in Great Britain, railway franchise on behalf of the government when a train operating company (TOC) is no longer able to do so, and it is nationalised on an interim basis. Since the last appointment in June 2023, there are now six such operators of seven rail services in England, Wales and Scotland. In December 2024, following new legislation in November, it was announced that the first of the remaining contracted TOCs would be taken back into public ownership in May 2025. Purpose Under the Railways Act 1993, which Privatisation of British Rail, privatised passenger operations in the United Kingdom, the Government of the United Kingdom, government is required to maintain continuity of passenger rail services if a franchise is terminated. In some instances, the government has negotiated for the existing franchisee to continue to operate the franchise on a management contract ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government-owned
State ownership, also called public ownership or government ownership, is the ownership of an industry, asset, property, or enterprise by the national government of a country or state, or a public body representing a community, as opposed to an individual or private party. Public ownership specifically refers to industries selling goods and services to consumers and differs from public goods and government services financed out of a government's general budget. Public ownership can take place at the national, regional, local, or municipal levels of government; or can refer to non-governmental public ownership vested in autonomous public enterprises. Public ownership is one of the three major forms of property ownership, differentiated from private, collective/cooperative, and common ownership. In market-based economies, state-owned assets are often managed and operated as joint-stock corporations with a government owning all or a controlling stake of the company's share ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
