Unlock the Editor’s Digest for free
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
This article picked by a teacher with suggested questions is part of the Financial Times free schools access programme. Details/registration here.
Read our full range of economics picks here.
Specification:
Click to read the article and then answer the questions:
Labour plans to retain key private sector role in Britain’s nationalised railways
-
Distinguish between nationalisation and privatisation
-
Explain the role of rolling stock companies (roscos)
-
Explain what is meant by private finance initiative (PFI)
-
Define natural monopoly
-
Using a natural monopoly diagram, analyse some of the difficulties associated with the privatisation of the railway industry
-
Evaluate whether the railways should be brought back into public ownership
Gavin Clarke, Emmanuel College