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Titlebook: British Railways in Transition; Derek H. Aldcroft Book 1968 Palgrave Macmillan, a division of Macmillan Publishers Limited 1968 Britain.hi

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https://doi.org/10.1007/978-1-4757-5720-0ent that the railways were not likely to achieve financial solvency in the near future. The Government felt that the commercial approach had been tried and found wanting. Moreover it was generally considered that, by maintaining the principles laid down in the Act of 1962, the proper transport needs of the country were being neglected.
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Investment, Modernization and Efficiency,d industries meant that the railways suffered accordingly. Thus it was not until the middle of the 1950s when the Commission belatedly launched the Modernization Plan that any serious attempt was made to modernize the system.
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Retrospect and Prospect,ent that the railways were not likely to achieve financial solvency in the near future. The Government felt that the commercial approach had been tried and found wanting. Moreover it was generally considered that, by maintaining the principles laid down in the Act of 1962, the proper transport needs of the country were being neglected.
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A Revolution on the Railways: Transport Policy in the 1960s,nationalized transport undertakings. By the end of the 1950s it was becoming clear that the Modernization Plan was having little effect on the railways’ finances and that drastic action would have to be taken if they were to be improved. The B.T.C. was not wholly to blame for the railways’ financial
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