What was the
Absolutely nothing is going to happen. Rolling stock isn't being nationalised. All that's happening is Network Rail (already nationalised) and passenger operating companies (already effectively nationalised) will be announced to be, umm, nationalisedThe stupidity is the DfT are getting repair and overhauls of old units approved, even if it is worst value for money than lease costs of low maintenance new units.
Quite why the Treasury is getting involved, unless they are guaranteeing leases to private sector companies isn't clear, because monthly lease payments are operational, not a capital expense or investment.
Shouldn't really make any difference if pay £X to Leaseco vs £X to LeaseCo2 for a different newer unit
