The implementation of the Big Four railway companies (SR, GWR, LMS, LNER) in 1923 was done on a geographical basis, meaning they were effectively monopolies apart from where they bordered each other.
I’m wondering if a hypothetical alternative could have been created to facilitate more nationwide competition? An easy option could have been to merge SR with LMS and GWR with LNER to create a “Big Two” and theoretically enable the entire length of the country to be travelled using just one company’s infrastructure. I’m wondering though with some more complex tinkering, whether it would have been possible for two (or more) private companies to have their own railway infrastructure reaching every major city and port in the UK.
I’m wondering if a hypothetical alternative could have been created to facilitate more nationwide competition? An easy option could have been to merge SR with LMS and GWR with LNER to create a “Big Two” and theoretically enable the entire length of the country to be travelled using just one company’s infrastructure. I’m wondering though with some more complex tinkering, whether it would have been possible for two (or more) private companies to have their own railway infrastructure reaching every major city and port in the UK.