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  2. The privatisation of British Rail was the process by which ownership and operation of the railways of Great Britain passed from government control into private hands. Begun in 1994, the process was largely completed by 1997.
    en.wikipedia.org/wiki/Privatisation_of_British_Rail
    The impact of the privatisation of British Rail has been the subject of much debate, with the stated benefits including improved customer service, and more investment; and stated drawbacks including higher fares, lower punctuality and increased rail subsidies. The privatisation of British Rail began in the 1990s.
    en.wikipedia.org/wiki/Impact_of_the_privatisation_…
    Over the period 1994-1997 the British railway industry was fundamentally transformed. In 1994 the industry was in the hands of a single, vertically-integrated operator - British Rail - owned by the government. By 1997, BR’s activities had been transferred to the private sector.
    eprints.whiterose.ac.uk/2468/1/ITS2117-restructurin…
     
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    British Rail - Wikipedia

    British Railways (BR), which from 1965 traded as British Rail, was a state-owned company that operated most rail transport in Great Britain from 1948 to 1997. Originally a trading brand of the Railway Executive of the British Transport Commission, it became an independent statutory corporation in … See more

    Nationalisation in 1948
    The rail transport system in Great Britain developed during the 19th century. After the grouping of 1923 under the Railways Act 1921, … See more

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    Policing on (and within) the network was carried out British Transport Police (BTP). In 1947 the Transport Act created the British Transport Commission (BTC), which unified the railway system. On 1 January 1949, the British Transport Commission Police … See more

    The narrow-gauge Vale of Rheidol Railway in Ceredigion, Wales, became part of British Railways at nationalisation. Although built as a … See more

    When the railways came into public ownership in 1948, British Railways inherited a number of night train services from the Big Four. … See more

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    Pre-1960s
    Following nationalisation in 1948, British Railways began to adapt the corporate liveries on the rolling stock it had inherited from its predecessor railway companies. Initially, an express blue (followed by GWR See more

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    Regions
    With its creation in 1948, British Railways was divided into regions which were initially based on the areas the former Big Four operated … See more

    Despite its nationalisation in 1947 "as one of the 'commanding heights' of the economy", according to some sources British Rail was not profitable for most (if not all) of its history. Newspapers reported that as recently as the 1990s, public rail subsidy See more

     
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