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Ed Miliband is strongly considering putting railway lines back in public ownership[GETTY]

The Labour leader said that he is looking at all the options and suggested that his party could take a number of railway lines back into public ownership.

Mr Miliband was forced to deny that his plans amounted to old fashioned socialism, as it emerged that Labour is also considering a major crackdown on drinking, smoking and eating junk food.

Labour has already pledged to intervene in the energy market and last week said that landlords would face caps on rent increases.

Lord Prescott has led Labour calls to re-nationalise Britain's railways [GETTY]

Passengers are paying high fares and we are paying big subsidies from the taxpayer

Ed Miliband

Mr Miliband insisted that Labour would not return to the old days of British Rail but said the current system was flawed.

He told BBC1s Andrew Marr Show: We are looking at all the options on the railways. Passengers are paying high fares ... and we are paying big subsidies from the taxpayer.

His comments came after ex-deputy prime minister Lord Prescott and over 30 aspiring MPs asked Mr Miliband to re-nationalise the railways.

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Labour could re-nationalise the railways, says Ed Miliband