Britain to renationalise rail line sparking new row over ownership

The British government is renationalising the rail route between London and Edinburgh, taking back the line from a private company after it over-estimated profits, in a step likely to reignite a debate over public ownership of the UK's railways.The government said on Wednesday it was scrapping the contract with London-listed Stagecoachfive years early and would operate the line, which carries 22 million people annually, for 2-3 years before setting up a new public-private partnership.Transport M