The great Tory transport U-turn

This story has not had a tremendous amount of coverage, but I think it's potentially another very significant step on the road back to electability for the Tories.

In my view, rail privatisation was the single most damaging act of the John Major premiership and thus the single biggest reason why they deserved to be kicked out of office in 1997. It was clearly a scorched-earth policy designed to make things as difficult as possible for their successors, and in that, it more than succeeded as John Prescott and Stephen Byers both found to their cost.