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...On Thursday, Labour set out plans for what it called “the biggest overhaul . . . in a generation” of the railways, centred on nationalising all passenger train companies, should it win the next general election...
...Aslef general secretary Mick Whelan told the Financial Times that the 22-month-long dispute had become the longest in the history of the railways....
...This would unite track and trains in a single publicly owned company,” said Mick Lynch, general secretary of the RMT union, which settled its dispute late last year....
...The timing of the first BoE rate cut in four years has taken on huge political resonance ahead of the general election expected this year....
...Rolling-stock leasing companies, or Roscos — which are owned by financial investors and were set up to supply new trains to the UK railway following privatisation in the 1990s — will remain....
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...Eventually, robots equipped with artificial general intelligence (AGI) — the same level of intelligence as a human — will be capable of designing and making things, Rose predicts....
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...“This is the worst I have seen in my 40 years in the industry,” said David Clarke, technical director at the Railway Industry Association, which represents companies in the supply chain....
...During the Corbyn years, FT producer extraordinaire Tom Hannen and I made a short video: ‘Why did the UK sell off the railways?’...
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...So we aren’t going away,” said Whelan, adding that he was hopeful Labour would be “more receptive” to resolving the dispute if it won the general election expected this year....
...The chance of meaningful progress before the next general election is slim....
...The company allegedly violated Swiss rules through its use of subsidiaries abroad, the attorney-general’s office said, declining to identify the group or sector involved....
...But Haitham al-Ghais, Opec secretary-general, has rejected such suggestions and called for more investment in the industry....
...It sends a signal to business on what they need to do,” the WTO’s director-general told the Financial Times. “Two years is a very reasonable timeframe.”...
...Aslef general secretary Mick Whelan said the Conservative government and train operators had “given us no choice”, saying they refused to negotiate after members rejected a pay offer in April last year....
...“Changed working patterns after the pandemic means that our railways are still losing money and require significant subsidies, so this rise strikes a balance to keep our railways running, while not overburdening...
...Labour has promised to nationalise the railways should it win the next general election but only through a gradual process as existing franchises come to an end....
...And I think the danger is you’ve got a nationalised railway sector with a very strong railway set of railway unions as well, who as we know from recent experience, are very prone to strike....
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