With approximately 1.7bn individual journeys in 2019, the rail industry forms a significant factor in how people and goods flow around the UK economy. Given the recent headlines and press coverage of the sector, Max and Dr Mark Casson sit down to discuss the history of the British rail industry, it’s nationalization in the early 20th century and how the modern economic climate will affect the network in the near future! Referenced Research Material: 1) Losses of Water in the Canal System, TheConstructor.org, access date 08.04.2023. https://theconstructor.org/water-resources/losses-of-water-in-the-canal-system/37896/#:~:text=Evaporation%20and%20seepage%20loss%20in,the%20design%20of%20channel%20capacity. 2) Railways Act 1921, gov.uk https://www.legislation.gov.uk/ukpga/Geo5/11-12/55/enacted 3) HS2 Project Update, hs2.org.uk, 2023 https://www.hs2.org.uk/what-is-hs2/hs2-project-update/#:~:text=HS2%20is%20Britain's%20new%20high,social%20regeneration%20project%20in%20decades. 4) Photographs from the surplus vehicle boneyards of World War Two, 1945-1948, rarehistoricalphotos.com, 2023 https://rarehistoricalphotos.com/surplus-boneyards-world-war-two/

5) Concerns raised over rail electrification pace with only 2.2km of track added in last year, newcivilengineer.com, 2023 https://www.newcivilengineer.com/latest/concerns-raised-over-rail-electrification-pace-with-only-2-2km-of-track-added-in-last-year-31-01-2023/#:~:text=At%20the%20current%20glacial%20rate,was%20achieved%20in%202020%2F21. 6) Rail fares across Europe: The countries with the most expensive train tickets, euronews.com, 2023 https://www.euronews.com/travel/2023/01/09/rail-fares-across-europe-the-countries-with-the-most-expensive-train-tickets 7) East coast mainline pays taxpayers £1bn sparking fresh reprivatisation fury, theguardian.com, 2014 https://www.theguardian.com/uk-news/2014/aug/04/east-coast-mainline-fury-reprivatisation-plan 8) UK holidaymakers face ‘green premium’ for travelling by train, inews.co.uk, 2021 https://inews.co.uk/news/environment/uk-holidaymakers-face-green-premium-for-travelling-by-train-1101572?ico=in-line_link 9) Elon Musk’s The Boring Company to take on hyperloop project, techcrunch.com, 2022 https://techcrunch.com/2022/04/24/elon-musks-the-boring-company-to-take-on-hyperloop-project/?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAB5m-hnKTlzr3umagUe7sMmmoli1XK6kVK_5QgaV2f09itzE2-oopa6ga-q6aXflTTPnSr2xRsTXUndd-R3-yM9fVnyPvPaBTYrbQErPqOaPB3rFCAnH8RqTC_YZLVLnA4Xm1htHuD1UQn4HKWGoYMJaSJpSdmhBXT27oiQk9gVG 10) Elizabeth Line: More than 100 million journeys on Elizabeth Line, says YouGov, BBC News, 2023 https://www.bbc.co.uk/news/uk-england-berkshire-64702518 11) World's First Railway System: Enterprise, Competition, and Regulation on the Railway Network in Victorian Britain, Mark Casson, 2009 https://www.amazon.co.uk/Worlds-First-Railway-System-Competition/dp/0199213976 Socials: Tiktok: https://www.tiktok.com/@maxwelldorey?lang=en Instagram: https://www.instagram.com/maxdorey96/ Twitter: https://twitter.com/MaxDorey1 LinkedIn: https://www.linkedin.com/in/maxwell-dorey-7958a4128/