On Jan 5, 3:01*pm, "Recliner" wrote:

It is an interesting speculative exercise to try and guess what might
have happened had BR been successfully privatised as one single
integrated company, as happened with some of the early privatised
utilities (eg, British Gas). It might well have been a great success,
just as many of the early privatisations have been (eg, BT, BA, BG).

I imagine it may have acted in many ways similarly to DB AG, which
operates in a far more politically-unencumbered way than BR ever did,
regardless of who happens to own it.

Neil