麻豆社

A draft of the Labour Party's general election manifesto has been leaked, revealing plans to nationalise the railways.

Dr Richard Wellings is head of Transport at the free-market think tank the Institute of Economic Affairs. He tells 麻豆社 Radio 4's The World at One that taking the railways back into state ownership is a bad idea as there
are poor incentives "for innovation... and cost control" which could result in "the inefficient state ownership we saw in the 1970's"

(Photo: Train passes through Dawlish, Devon Credit: Getty Images)