LABOUR leader Ed Miliband signalled yesterday he was prepared to halt two decades of underfunding and extortionate fare increases on Britain’s railways by bringing them under public ownership. 

He said the party recognised there were “flaws” in the current privatised system and would take a “pragmatic” approach to solving them. 

“I want to see value for money for the taxpayer,” Mr Miliband said on the BBC Andrew Marr show.