To a large extent transport in the United Kingdom, especially transport of passengers, is seen as a public service. Market forces are not allowed to have much sway; and the result is that in many cases the benefits received by society do not match the costs. The fact that British rail is running at a vast loss is obviously important, but much more important is the fact that British rail is using society's resources in ways which are extravagant and wasteful. The contention of this article is that such waste will persist unless operations are made subject to market forces, and that these forces can best be brought to bear by competition. It does not necessarily follow that all sections of the industry should return to private enterprise, although such an idea has much to support it. It does mean, however, that many of the units should be smaller than they are at present.(a)

  • Corporate Authors:

    National Westminster Bank Limited

    41 Lothbury
    London,   England 
  • Authors:
    • HIBBS, J
  • Publication Date: 1976-2


  • English

Media Info

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Filing Info

  • Accession Number: 00144104
  • Record Type: Publication
  • Source Agency: Transport and Road Research Laboratory (TRRL)
  • Files: ITRD, TRIS
  • Created Date: Jan 16 1981 12:00AM