British rail sale planned?
NZPA-Reuter London The Government is considering selling British Rail .to private owners after the next General Election, due by early 1988, a British newspaper said yesterday. The “Sunday Telegraph” said the sale would be the most radical of a series of privatisation schemes carried out by the Prime Minister, Margaret Thatcher, over the last six years. A spokesman for the Department of Transport said there were no plans at the moment for privatising the railway system, which receives an annual Government subsidy of about £9OO million. Mrs Thatcher had given enthusiastic backing for the plan and had been impressed by Japan’s decision to break up its nationalised railway in similar fashion, The “Sunday Telegraph” said. The Secretary for Transport, John Moore, announced last Thursday that State-owned British Airways would be sold off to the public next month. Since 1981, nearly 20 State-owned British firms have been returned to private hands,
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Press, 12 January 1987, Page 8
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154British rail sale planned? Press, 12 January 1987, Page 8
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