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Haven’t you omitted something in that summary - specifically whilst the railways were in public hands? - the big Beeching sell off. Thousands of miles of track and hundreds of stations closed by government and at the same time fortunes pumped into improving the road network. There is...

Wasn’t most of the railway system actually built by private companies with much of it being sold off after it was nationalised? Isn’t Network Rail who now own the railway infrastructure a publicly owned company with no private shareholders?