The Problems of the Railways

Michael R. Bonavia

Chapter 8 in The Nationalisation of British Transport, 1987, pp 83-88 from Palgrave Macmillan

Abstract: Abstract In financial terms the railways in 1948 were providing 77 per cent of the BTC’s gross receipts and were obviously the key to the position of the whole business. In physical terms, both the railway infrastructure and the rolling stock were suffering acutely from maintenance deferred, not merely during the war years, but since then also by a Labour government looking to nationalisation as a panacea for almost every economic ailment.

Keywords: Private Owner; Rolling Stock; Rail Transport; Steam Locomotive; Railway Company (search for similar items in EconPapers)
Date: 1987
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DOI: 10.1007/978-1-349-08793-8_8

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