The Spectator Magazine has published a policy brief on how a more market-led process can improve Britain’s railways.

Chris Grayling, confirmed last week as the Secretary of State for Transport, is right to be reforming the franchises, such as re-integrating track and train, to address the confused responsibility for poor service that characterises the current system. But tweaks to the status quo will only get us so far. Also heralded in the government’s vision for rail, published at the end of last year, is a move towards market-led proposals, away from the current model of predict-and-provide and perhaps more like that practised in Australia or the US.

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