Rail Reform Bill: where do we go now?

Governments usually behave as if they will be in power indefinitely, which may explain why a ‘draft’ Rail Reform Bill has been published. We do not know the result of the next election. At the moment, it is being reported that the Conservatives are set to lose. If that happens, this Bill will be lost with them. Labour has said clearly that it intends to put the passenger railway back into public ownership, and the simplest (and cheapest) way to do that is to let the present contracts run to their expiry dates. Does this draft Bill tell us much about the Government’s railway reforms?