Although the rail industry was privatised in the 1990s, the sector is still subject to substantial government intervention, including the imposition of price controls on a high proportion of fares.Fare regulation causes overcrowding on rail services by artificially inflating demand at particular...

The renationalisation of rail infrastructure has not been a success. Network Rail has been plagued by crisis after crisis, with major projects hit by delays, mismanagement and large cost overruns. Its problems echo those suffered by the inefficient nationalised industries of the post-war period....

Not only is a high proportion of traffic regulation detrimental to road safety, the economy, and the environment, but it also imposes huge costs on road-users, taxpayers, and communities. Traffic regulation is often introduced without analysing the full cost to road-users. From 2000 to 2014,...

Challenging the economic case for this white elephantExecutive summary:There is a significant risk that High Speed 2 (HS2) will become the latest in a long series of government big-project disasters with higher-than-forecast costs and lower-than-forecast benefits. HS2 is not commercially viable...