The changing and potentially not-so-changing face of UK rail branding. The government (and therefore the tax payer) still own all the stations and track (through Network Rail) and the ROSCOs (rolling stock operating company) own pretty much all the trains (who in turn are largely owned by banks or investment companies). The stations and train services across all UK regions, routes and lines are grouped and placed into franchises. Private companies (largely big transport conglomerates) then bid ...
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