Progress so far in privatising British Rail is traced. Documents published to date in connection with privatisation are listed. The proposals made by the British government are outlined briefly and compared with those of other European countries. The question of infrastructure pricing is considered in more detail. The anticipated method of operation of Railtrack is outlined including first and subsequent generations of franchisees. Comments made on the proposals by the Transport Committee of the House of Commons are summmarised. Privatisation is supported in principle as a means of increasing investment. Reservations are expressed, however, about open access, the effect on franchisees of the separation of infrastructure and controls over service quality and fares. Concerns are also expressed over the complexity of administration involved and the risk of litigation. In response the government state that they see no need to modify their proposals.
Abstract