2. Privatization and restructuring of the rail industry. 


government recognized that public control was wasteful of public money and inefficient . 
br should not be privatized as a monopoly. 


-An industry divided into just operating and infrastructure companies would have reduced the probem of increased information costs and the passing of blame. 
- The most crucial decision taken in creating this new industry structure was to privatize the infrastructure company. that company would call Railtrack.