ORGANISING BRITAIN’S RAILWAYS – IS THERE A BETTER WAY?

THE much-publicised events between Christmas 2014 and New Year 2015 at King’s Cross, Finsbury Park and Paddington have served to highlight once again major deficiencies in the way that Britain’s rail industry was restructured 20 years ago for privatisation, adopting substantial fragmentation and a horizontal (rather than a vertically integrated) structure.

The situation in the last week of December 2014 demonstrated the faults in a system that means Network Rail has no contractual relationship with train passengers (or freight customers).  Instead, its contracts are with the Train Operating Companies (TOCs). Continue reading