British Railways

British Railways, which after 1965 traded as British Rail, was the state-owned company responsible for rail transport in Great Britain from its inception in 1948 to its privatisation in the 1990s, with the organisation officially becoming defunct in 1997. From its creation until 1952, it was the trade name of the Railway Executive, the subsidiary of the British Transport Commission (BTC) responsible for railway operations. The Railway Executive was then abolished in order for British Railways to fall directly under the BTC. After the Transport Act 1962, it became an independent statutory corporation when the BTC was replaced by a new organisation whose official name was the British Railways Board.