The British railway network is nationalized to form British Railways.
Transport in England
Transport in England includes road, rail, air, and water networks.
Nationalization
Nationalization is the process of transforming privately owned assets into public assets by bringing them under the public ownership of a national government or state. Nationalization contrasts with privatization and with demutualization. When previously nationalized assets are privatized and subsequently returned to public ownership at a later stage, they are said to have undergone renationalization. Industries often subject to nationalization include telephones, electric power, fossil fuels, railways, airlines, iron ore, media, postal services, banks, and water, and in many jurisdictions such entities have no history of private ownership.
British Rail
British Railways (BR), which from 1965 traded as British Rail, was a state-owned company that operated most rail transport in Great Britain from 1948 to 1997. Originally a trading brand of the Railway Executive of the British Transport Commission, it became an independent statutory corporation in January 1963, when it was formally renamed the British Railways Board.
January 1
January 1 is the first day of the calendar year in the Gregorian Calendar; 364 days remain until the end of the year. This day is also known as New Year's Day since the day marks the beginning of the year.