This is my list of English TOCs, with actual and expected nationalisation dates -corrections welcome. Obviously LNER, Northern, Southeastern and TPE had already been nationalised for other reasons.
SWR and c2c were old-style franchises. They had an end date written into the franchise agreement (which I've put in the
Earliest column) but could be extended by DfT giving notice prior to expiry. I've put in the
Latest column the franchise end dates that would result from the maximum extension permitted in the agreement. In actual fact, the DfT had already given notice (long before nationalisation started) to extend these franchises by the maximum amount, so it was a foregone conclusion that they would end on this latest posssible date.
The remaining franchises are a newer kind. Rather than the DfT being able to extend them, the DfT has some flexibility to end them early. The expiry date written into the franchise agreement (in the
Latest column) is the last date the franchise can run till, and the date it will end if the DfT takes no action. The Core Term Expiry Date (in the
Earliest column) is the earliest date that the DfT - by giving suitable notice - can choose to end the franchise.
The DfT has stated that the TOCs will be nationalised in order of their Core Term Expiry Dates so this - along with the dates announced so far - almost gives us the order in which nationalisation will occur. The one remaining uncertainty is which of EMR and Avanti will be nationalised first, as they both have the same Core Term Expiry Date. Apart from that, the order should be as given in the table below, unless the DfT decides to change tack for some reason.
If they stick to the one TOC roughly every three months target timetable, then we can expect Chiltern and GWR to be nationalised (in that order) later in 2026, then EMR and Avanti (in either order) in the first half of 2027. XC, then, will likely be nationalised on the Core Term Expiry Date of 17 October 2027 (since this is the earliest date that the DfT can end that franchise).
| Earliest | Planned/actual | Latest |
LNER | | 24/06/18 | |
Northern | | 01/03/20 | |
Southeastern | | 17/10/21 | |
TPE | | 28/05/23 | |
SWR | 28/05/23 | 25/05/25 | 25/05/25 |
c2c | 23/07/23 | 20/07/25 | 20/07/25 |
GA | 15/09/24 | 12/10/25 | 20/09/26 |
WMT | 15/09/24 | 01/02/26 | 20/09/26 |
GTR | 01/04/25 | 31/05/26 | 01/04/28 |
Chiltern | 01/04/25 | | 12/12/27 |
GWR | 22/06/25 | | 25/06/28 |
EMR | 18/10/26 | | 13/10/30 |
Avanti | 18/10/26 | | 17/10/32 |
XC | 17/10/27 | | 12/10/31 |