The railway is on the cusp of a seismic moment of change – perhaps a change even more significant than the decision in 1992 to privatise Britain’s railway. Thirty years ago, consistently declining passenger numbers under British Rail left the Government with a choice – continue to manage decline, or harness the private sector to reinvigorate the railway. In 2022, as we emerge from the pandemic, a similar choice faces policy makers – how best to avoid decline and enable recovery. And the private sector again has a critical role to play.
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