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There are Natural Rights and Civil Rights. Life, Liberty and the Pursuit of Happiness
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John Major’s Railway Act 1993 Never Reversed by BLAIR or BROWN in 10 Years of a LABOUR GOVERNMENT

Railways Act 1993

From Wikipedia, the free encyclopedia

Railways Act 1993

The Railways Act 1993 [1] (1993 c. 43) was introduced by John Major‘s Conservative government and passed on 5 November 1993. It provided for the restructuring of the British Railways Board (BRB), the public corporation that owned and operated the national railway system. A few residual responsibilities of the BRB remained with BRB (Residuary) Ltd.

Overview

The legislation enabled the Secretary of State for Transport John MacGregor to transfer separated parts of the railway to the private sector. Passenger rail services were franchised to private companies including Virgin, Connex (now known as Veolia Transport) and the coach companies Stagecoach and National Express, and the national railway track and signalling company Railtrack was floated on the London Stock Exchange in 1996. British Rail‘s track maintenance and renewal operations were sold to private companies, with contracts to provide infrastructure services to Railtrack. The three rolling stock leasing companies or ROSCOs, owners of the passenger rolling stock, were sold to management buyout teams.

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