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The Railways Bill, published in 1993, [34] established a complex structure for the rail industry. British Rail was to be broken up into over 100 separate companies, with most relationships between the successor companies established by contracts, some through regulatory mechanisms (such as the industry-wide network code and the multi-bilateral ...
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 .
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 ...
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 ...
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.
Privatisation began in the late 1970s, and notable privatisations include the Central Electricity Generating Board, British Rail, and more recently Royal Mail. After the Hatfield rail crash accident, the British government decided to intervene and in 2002 renationalised Railtrack (which was responsible for the maintenance of railway tracks and ...
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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 ...