UK Rail
Franchising is a ‘half-way house’ model that combines the public and private sector. But roles and risks must be carefully considered
Franchising appeals because it is a beautifully British half-way house. State (including local authority) control, maintaining order, quality etc is retained whilst offloading the risk of labour, operating costs, energy, etc onto the private sector. And accountable. But offloading risk is a risk in itself. Full Article