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Network Rail - forward or backward? Not-for-profit in British transport

Author

Listed:
  • Gerald Crompton
  • Robert Jupe

Abstract

This article examines the brief and unsuccessful career of the privately-owned infrastructure company, Railtrack, and its part in the privatised railway system in the UK between 1996 and 2001. It discusses the decision of the British government to discontinue public support for Railtrack and to set up a new not-for-profit company, Network Rail, to replace it. The ongoing public debate over these events and the prospects for the new company are analysed. Two earlier, and broadly successful, examples of not-for-profit companies in British transport history, are briefly considered for comparative purposes - the Port of London Authority and the London Passenger Transport Board.

Suggested Citation

  • Gerald Crompton & Robert Jupe, 2007. "Network Rail - forward or backward? Not-for-profit in British transport," Business History, Taylor & Francis Journals, vol. 49(6), pages 908-928.
    • Handle: RePEc:taf:bushst:v:49:y:2007:i:6:p:908-928
    DOI: 10.1080/00076790701710423
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    Citations

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    Cited by:

    1. Oliver Lewis & Avner Offer, 2021. "Railways as Patient Capital," Oxford Economic and Social History Working Papers _195, University of Oxford, Department of Economics.
    2. Haines-Doran, Tom, 2022. "Critical accounting scholarship and social movements: The case of rail privatisation in Britain," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 86(C).
    3. OJO, Oyetunde Olumuyiwa & OYEDELE, Kayode Samson, 2018. "The Limitations In The Ostensible And Perceived Benefits Of Privatization: A Study Of The Electricity Power Sector In Nigeria," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 1(46), pages 44-56, November.
    4. José A. Gómez-Ibáñez, 2016. "Open Access to Infrastructure Networks: The Experience of Railroads," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 49(2), pages 311-345, September.
    5. Bowman, Andrew, 2015. "An illusion of success: The consequences of British rail privatisation," Accounting forum, Elsevier, vol. 39(1), pages 51-63.
    6. McCartney, S. & Stittle, J., 2017. "‘A Very Costly Industry’: The cost of Britain’s privatised railway," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 49(C), pages 1-17.

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