Transport Act, 31 December 1947.
© National Railway Museum / Science & Society Picture Library -- All rights reserved
The 1947 Transport Act was the Act of Parliament under which the Labour Government nationalised Britain's railways. The Act came into force on 1st January 1948 and amalgamated the Great Western, London Midland and Scottish, London and North Eastern and Southern railway companies, together with the London Pasenger Transport Board under the control of the British Transport Commision. Administration of the railways remained in state control until 1995-1996.