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The privatisation of British Rail was the process by which ownership and operation of the railways of Great Britain passed from government control into private hands. Begun in 1994, the process was largely completed by 1997.
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.
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 ...
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.
Meanwhile, a different study by the commission found that the UK rail network (which was privatized from 1994 to 1997) was most improved out of all the 27 EU nations from 1997 to 2012. The report examined a range of 14 different factors and the UK came top in four of the factors, second and third in another two and fourth in three, coming top ...
25 train operating companies (1996, operations contracted out as franchises) British Rail Research (1996) British Rail Telecommunications (1995) European Passenger Services (1996) Railtrack (1996) (18 October 2002 went into voluntary liquidation), now in public ownership as Network Rail; Red Star Parcels (1995) Union Railways (1996) British ...
1 January- The Missouri Pacific Railway is merged (officially) into the Union Pacific Railroad 15 years after being purchased by the company in 1982.; 5 January – Further British train operating companies begin operation of their passenger service franchises as part of the privatisation of British Rail: Anglia Railways (GB Railways); Great Eastern (); Virgin CrossCountry (Virgin Rail Group ...
This changed in 1986, when in a very different political climate, Foster Yeoman obtained the right to run its own trains onto the British Rail network if British Rail locomotive engineers were used. In 1997, the British Railways network was privatised as a single company Railtrack, which later became the non-profit company Network Rail ...