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British Rail 1974–1997From Integration to Privatisation$
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Terry Gourvish

Print publication date: 2002

Print ISBN-13: 9780199250059

Published to Oxford Scholarship Online: September 2007

DOI: 10.1093/acprof:oso/9780199250059.001.0001

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Selling the Subsidiary Businesses

Selling the Subsidiary Businesses

Chapter:
(p.231) 7 Selling the Subsidiary Businesses
Source:
British Rail 1974–1997
Author(s):

Terry Gourvish (Contributor Webpage)

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199250059.003.0007

This chapter discusses the significance of the disposal of the British Railways Board's subsidiary businesses. These include British Transport Hotels, Sealink and the harbours, property portfolio, and catering and advertising businesses. The sale of assets provided cash to address British Rail's financial problems, particularly during the recession of the early 1980s. In the late 1980s, the disposals contributed to cash resources, thereby assisting in the Board's efforts to reduce PSO while financing investment without additional borrowing.

Keywords:   British Railways Board, property portfolio, British Transport Hotels, Sealink, recession

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