OUR objective is to improve the quality of railway services by creating many new opportunities for private sector involvement. This will mean more competition, greater efficiency and a wider choice of services more closely tailored to what customers want.
HIGH fares, overcrowded trains, a franchise process in disarray. Now 20 years after privatisation, the then transport secretary John MacGregor’s ambitions to deliver greater competition, efficiency, and a better service by creating new opportunities for the private sector seem to have been betrayed says Tim Knox.
A new report from the Centre for Policy Studies sets out how rail privatisation can work better than it has thus far in terms of rising government subsidy and large fare increases. Lewis James Brown of the CPS .
George Osborne promised to eliminate the structural current deficit within five years; and get net debt falling by the end of the Parliament. His plan was, however, reliant on unrealistic assumptions about a return to economic strength and healthy tax revenues, which have duly underperformed expectations.