But New Labour always neglected transport, which is surprising as transport is one area of government spending which is supported by right-wing supply siders and business interests (so long as they are not taxed to pay for it).
Yes, re-nationalising should have happened, even now the Tories can get caned simply because their names were on the privatisation. Blair probably reasoned he could save money by not re-nationalising as he knew the tories could never disavow their deed and he could always kick them for it. Renationalise and it's his problem again. Hatfield proved that ("see, we're having to fix their mess") keep to the Fen Causeway