Competition and Investment
The policy of the Conservative governments between 1979 and 1997 was to use market forces to improve the delivery of transport services — driving down fares, costs, charges and subsidies and increasing the quantity and quality of investment — by releasing it from the restraints of public-sector control. Competition has been increased in the provision of air, bus, rail and road freight services. The regulatory arrangements have been adjusted accordingly to secure the public interest within the new structures. This chapter assesses the extent to which these goals have been attained, particularly in road and rail transport.
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