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Libertarian Alliance: Why British Rail privatisation has failed Archived 5 February 2012 at the Wayback Machine; Worker's Liberty: British Rail privatisation: What it means and why it happened (2004) Economic Issues: Subsidy and productivity in the privatised British passenger railway; British Rail Sidetracked (1996)
British Railways (BR), which from 1965 traded as British Rail, was a state-owned company that operated most rail transport in Great Britain from 1948 to 1997. Originally a trading brand of the Railway Executive of the British Transport Commission, it became an independent statutory corporation in January 1963, when it was formally renamed the British Railways Board.
British Rail was privatised between 1994 and 1997, involving the transfer to a series of private-sector operators of responsibility for the provision of services under contract. In all, more than 100 companies took over from British Rail.
Eventually, Network Rail and the public sector train operators are likely to become part of a new organisation called Great British Railways. That requires legislation and it is likely to take a ...
Between 1994 and 1997, British Rail was privatised by the Conservative government under John Major. [ 67 ] [ 68 ] Ownership of the track and infrastructure passed to Railtrack , passenger operations were franchised to individual private sector operators (originally there were 25 franchises) and the freight services sold outright (six companies ...
The history of rail transport in Great Britain 1948–1994 covers the period when the British railway system was nationalised under the name of 'British Railways', latterly known as British Rail until its eventual privatisation in 1994.
Overall, fare increases have been at a significantly slower rate than under British Rail (BR). [citation needed] [disputed – discuss] According to the Global Railway Review, the average annual real-terms increase between 1996 and 2011 was 1.3%, compared to 2.2% during the last 15 years of British Rail [12] [better source needed]. So far as ...
After extensive privatisation of the public sector during the Margaret Thatcher administration, there remain few statutory corporations in the UK. Privatisation began in the late 1970s, and notable privatisations include the Central Electricity Generating Board, British Rail, and more recently Royal Mail.