close
Share with your friends

Williams-Shapps reforms fire the starting gun for the recovery of Britain’s railways

Commenting on today’s major rail announcement, Ed Thomas, Partner and Head of Transport at KPMG UK, said:

Commenting on today’s major rail announcement, Ed Thomas, Partner and Head of Transport.

“At the point at which the Williams Review was announced there was a sense that the privatised rail system set up by John Major in the 1990s had exhausted itself and run out of steam. An overly fragmented industry with complex contracts had become confusing to the public and led to disjointed decision making culminating in the issues around the May 2018 timetable changes.

“Today’s announcement should receive a positive welcome as it presents a coherent set of policy prescriptions to tackle the issues that prompted the Williams Review head-on. A new “guiding mind” will ensure that there is a single plan on each part of the network that is aligned across infrastructure and operations. It should also make the system more agile in responding to changing passenger needs and result in more cost-effective decisions.

“Replacement of revenue-based franchises with simpler passenger service contracts should focus train operators on managing the risks they can control and delivering the outcomes around punctuality and service quality that passengers really care about.

“The size of the task of implementing the reforms over the next couple of years should not be underestimated. The Review has taken two and a half years to conclude and the starting point is a highly fragmented industry which faces significant financial challenges following the impact on journey numbers of the COVID pandemic. It is imperative that a fast start is made in preparing for the reforms while the necessary legislation to establish the new rail body is finalised and taken through Parliament.”

ENDS

Notes to Editors


For media enquiries, please contact:

Simon Wilson, Media Relations Manager

E: simon.wilson@kpmg.co.uk

T: +447785373397


Tanya Holden
, Deputy Head of Media Relations
E: tanya.holden@kpmg.co.uk
T: +447874888656

About KPMG UK

KPMG LLP, a UK limited liability partnership, operates from 21 offices across the UK with approximately 16,000 partners and staff.  The UK firm recorded a revenue of £2.3 billion in the year ended 30 September 2020.

KPMG is a global organization of independent professional services firms providing Audit, Legal, Tax and Advisory services. It operates in 147 countries and territories and has more than 219,000 people working in member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such. KPMG International Limited is a private English company limited by guarantee. KPMG International Limited and its related entities do not provide services to clients.

Connect with us

 

Want to do business with KPMG?

 

loading image Request for proposal

Save, Curate and Share

Save what resonates, curate a library of information, and share content with your network of contacts.

Sign up today