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- Title
BRITISH RAIL: A NEW HISTORY.
- Authors
Shackleton, J R
- Abstract
When the railways were first nationalised, the existing railway companies were the basis for a structure grounded in regions of the country - the Great Western Railway for British Railways Western Region, for example. Wolmar claims that this structure was a sound basis for the continued development of the nationalised railway, and that privatisation was a politically motivated disruption which, despite the increases in passenger numbers (which he seems to think would probably have occurred to some extent anyway) permanently damaged the railways. Two, Wolmar observes that there was in Beeching's time no conception of the "social railway", that loss-making part of the system where subsidy might be justified by social cost-benefit analysis (CBA).
- Subjects
BRITISH Rail (Company); GREAT Western Railway (Great Britain); SUBWAYS; TRUCKING; STRIKES &; lockouts; FREIGHT &; freightage; INFRASTRUCTURE (Economics)
- Publication
Economic Affairs, 2022, Vol 42, Issue 3, p567
- ISSN
0265-0665
- Publication type
Article
- DOI
10.1111/ecaf.12549