Privatisation in the United Kingdom: Privatisation of British Rail, Qinetiq, Privatisation of London Bus Services, Railways Act 1993 - Tapa blanda

Chapters: Privatisation of British Rail, Qinetiq, Privatisation of London Bus Services, Railways Act 1993, Water Privatisation in England. Source: Wikipedia. Pages: 46. Not illustrated. Free updates online. Purchase includes a free trial membership in the publisher's book club where you can select from more than a million books without charge. Excerpt: The privatisation of British Rail was set in motion when the Conservative government enacted, on the 19th January 1993, the British Coal and British Rail (Transfer Proposals) Act 1993 (c3). This enabled the relevant Secretary of State to issue directions (as to the disposal of holdings) to the relevant Board. This was necessary since (in the case of the British Railways Board) they had to act, at all times, within the rules established by various Transport and Railways Acts none of which would have allowed the Board to 'sell-off' any of its assets. The subsequent direction from the Secretary of State forced the creation of Railtrack PLC. This then paved the way, later that year for the Railways Act 1993 introduced by John Major's Conservative government. The operations of the British Railways Board (BRB) were broken up and sold off. This process was very controversial at the time, and the Labour opposition announced its intention to re-nationalise the railways, although this was not implemented by the subsequent Labour government. The manner in which privatisation was carried out has also received criticism for its complexity. Historically, the pre-nationalisation railway companies were almost entirely self-sufficient, including, for example, the production of the steel used in the manufacturing of rolling stock and rails. As a consequence of the nationalisation of the railways in 1948 some of these activities had been hived-off to other nationalised industries and institutions, e.g. "Railway Air Services Limited" was one of the forerunners of British Airways; the railways' ro...More: http://booksllc.net/?id=710043