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Reflections: Issue Issue 21 1 Jun 2011

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Cost driven re-think to force new wave of change in UK rail ownership and structure

The UK railway revolution begun by the privatisation legislation in 1993 has been an almost permanent one. The pioneering approach, now increasingly being applied elsewhere, has not been the smoothest journey. Over the past year, the government has been keen to promote the McNulty review of costs and efficiencies as an exercise in evolution not revolution. It has not quite turned out that way. Its conclusions are radical and far reaching and likely to lead to a further major change in industry...

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