The free market is the key to fixing Britain’s railways
From our UK edition
As the political argument over the East Coast railway franchise continues, it’s easy to lose sight of the passenger interest. Last year, the Campaign for Better Transport found that nationally over 50 per cent of trains were late or cancelled. This is despite fares and costs that have risen sharply for the last 14 years. 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.
