The Influence of Financial Measures on UK Railway Policy

Irvine Lapsley

Journal of Public Policy, 1983, vol. 3, issue 3, 285-300

Abstract: This paper explores the tension between social and commercial criteria and the importance of the nature of available information in influencing policymaking towards commercial or quasi-commercial activities such as transport undertakings. The importance of financial criteria as key indicators which influence railway policy is established by reference to significant landmarks in the corporate existence of British Rail. An underlying conflict between this information and the declared policies of successive governments is exposed. This reveals that, not only are policy-makers constrained by the difficulties of providing more appropriate information, but they are also the victims of their own reluctance to implement effectively policies which would actually improve existing sources of information.

Date: 1983
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Persistent link: https://EconPapers.repec.org/RePEc:cup:jnlpup:v:3:y:1983:i:03:p:285-300_00

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