British Rail Privatisation

Topics: Rail transport, British Rail, Rail transport in Great Britain Pages: 87 (30615 words) Published: August 21, 2013
OCCASIONAL PAPER 23

BRITISH RAIL PRIVATISATION ~ COMPETITION DESTROYED BY POLITICS

Stephen Glaister

Fundación Rafael del Pino Conference: Competencia en el Transporte Ferroviario

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BRITISH RAIL PRIVATISATION COMPETITION DESTROYED BY POLITICS

CRI Occasional Paper 23

Stephen Glaister
This paper was prepared for a conference entitled ‘Competencia en el Transporte Ferroviari’ held on September 16th and 17th 2004 in Madrid The paper and conference were sponsored by Fundación Rafael del Pino Rafael Calvo, 39 28010 Madrid © Fundación Rafael del Pino 2004

Desktop published by Jan Marchant

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PREFACE
The CRI is pleased to publish Occasional Paper 23 on British Rail Privatisation ~ Competition Destroyed by Politics by Stephen Glaister, Professor of Transport and Infrastructure, Imperial College London. This paper was prepared for a conference entitled ‘Competencia en el Transporte Ferroviario’, held on September 16th and 17th, 2004 in Madrid. The paper and conference were sponsored by Fundación Rafael del Pino, Rafael Calvo 39, 28010 Madrid. © Fundación Rafael del Pino 2004, which we are pleased to acknowledge. Professor Glaister focuses in particular on the issue of regulatory consistency. In effect, he suggests that having chosen (or adopted from the previous government) a particular model to deliver rail services, the government then has a responsibility to maintain that policy, unless there are good reasons for changing it. Where change is required, the reasons and consequences should be set...

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Gomez-Ibanez J A (2002), Glas Cymru and the Debate over Non-Profits, Teaching Case, Kennedy School of Government, Harvard. (25) Helm D (2000), A Critique of Rail Regulation, The Beesley Lectures in Regulation, IEA and London Business School, October. (8) Jones I (2001), On-rail Competition in the Privatised Passenger Rail Industry, in Regulating Utilities: New Issues, New Solutions, Robinson C (ed), Edward Elgar. (17) Kennedy J and Smith A S J (2004), Assessing the Efficient Cost of Sustaining Britain’s Rail Network, Journal of Transport Economics and Policy, May. (28) Lawrence G (2001), The Rail Industry in Great Britain, Institutional and Legal Structure 2000/2001, Industry Brief, Centre for the study of Regulated Industries, University of Bath. (8) National Audit Office (2000), Ensuring that Railtrack Maintain and Renew the Network, HC 397 Session 1999-2000, April. (8) National Audit Office (2004a), Network Rail: Making a Fresh Start, HC 532. (8) National Audit Office (2004b), London Underground PPP: Were They Good Deals?, HC 654. (33) National Audit Office (2004c), London Underground: Are the Public Private Partnerships Likely to Work Successfully?, HC 644. (37) Nombela G, de Rus G and Betancor O (2004), Airport Congestion in EU: More Investment or Better Pricing?, Utilities Policy. (18) Office of the Rail Regulator (1994), Competition for Railway Passenger Services, A Policy Statement, December. (14) Office of the Rail Regulator (2000), The Periodic Review of Railtrack’s Access Charges: Final Conclusions, Vols I & II, October. (8) SBC Warburg (1996), Railtrack Share Offer, Prospectus, 1 May. (7) Shaoul J (2004), Railpolitik: The Financial Realities of Operating Britain’s National Railways, Public Money and Management, January. (20) Strategic Rail Authority (2001), Building a Better Railway, March. (31) Strategic Rail Authority (2003), Everyone’s Railway: The Wider Case for Rail, September. (32) Strategic Rail Authority (2004,) Britain’s Railway Properly Delivered, Annual Report 20032004. (9) Transport for London (2001), Proposed Management Plan for the London Underground, April. (34) 57
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Transport for London (2004), London Underground and the PPP: The First Year 2003/04, June. (37) Transport Select Committee (2004), The Future of the Railway, HC145, March. (21) Walder J and Amenta T L (2004), Financing New Infrastructures: Public/Private Partnerships and Private Finance Initiatives, in Hanley R E (ed) Moving People, Goods and Information: The Cutting-Edge Infrastructures of Networked Cities, Spon Press. (36) Winsor T (2004a), The Relationship Between the Government and the Private Sector: Winsor-v- Bloom in context, Incorporated Council of Law reporting, 5 April. Also available at http://www.rail-reg.gov.uk/upload/pdf/ICLR-annual-lec-050404.pdf (10) Winsor T (2004b), 2004 DfT Rail Review - Submission by the Rail Regulator, Office of the Rail Regulator, 6 May. (26) Wolmar C (2001), Broken Rails, London, Aurum Press. (16)
Other references
Department of Transport (1992), New Opportunities for the Railways, The Privatisation of British Rail, Cm 2012. DETR (1997), Developing an Integrated Transport Policy, June. Glaister S (1999), Integrated Transport: A Future for Rail?”, in Beesley (ed.), Regulating Utilities: A New Era?, IEA, Readings 49. Gomez-Ibanez J A (2003), Regulating Infrastructure, Harvard. Grayling T (2002), Getting Back on Track, Institute for Public Policy Research, January. HM Treasury (1998), Comprehensive Spending Review: New Public Spending Plans 1999 2002, Modern Public Services for Britain Investing in Reform, July. National Audit Office (2002), Pipes and Wires, April. Public Accounts Committee (2000), The Office of the Rail Regulator, HC 536, Session 19992000, July. Strategic Rail Authority (2002), The Strategic Plan, January.
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