A blueprint for a better railway: how innovation, devolution and competition can help Britain's railways to serve consumers better

Richard Price

MPRA Paper from University Library of Munich, Germany

Abstract: This paper sets out the origins and development of the UK's unique system of rail operation, funding and regulation. It sets out options to tackle the system's shortcomings to that it works better in the interests of customens and taxpayers. The industry needs the freedom to innovate, to deliver better value and to make rail more attractive for passengers and freight. For too long the rail industry, the government, and the regulator have created ever more byzantine funding and decision-making structures, and since privatisation regulator and government have been drawn into operational detail instead of being focused on what matters-ensuring the industry serves its customers at the best price for the taxpayer.

Keywords: railway; finance; infrastructure; devolution; transport; economics (search for similar items in EconPapers)
JEL-codes: L30 L32 L33 L38 L51 L52 L53 L9 L92 N74 R4 R41 R48 (search for similar items in EconPapers)
Date: 2012-11-01
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:83604

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