Privatization Pitfalls: The British Rail Disaster

This chapter explores the challenges encountered during the privatization of British Rail, particularly focusing on the role of RailTrack and the repercussions on service quality and safety. It highlights tragic accidents, such as the Southall and Potters Bar disasters, stemming from systemic failures and inadequate oversight. The chapter concludes with a discussion on the establishment of Network Rail as a response to these failures, underscoring the need for centralized management to enhance safety in the rail system.