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are the railways really privatised?
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We are often told that the railways are privatised, and private sector companies are certainly involved in the industry.
But that is not the same as complete privatisation, in the way that supermarket chains or budget airlines are privately-owned.
So who owns what?

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Who owns what? The industry depends on a combination of organisations, ranging from those which are owned by the state to private sector companies, trade bodies and other industry groups.
Privately-owned
Private sector presence Franchised passenger operators Operating concessions HS1
In public ownership Network Rail Direct Rail Services London Underground Northern Ireland Railways
State sponsored or supported Association of Community Rail Partnerships National Railway Museum
Government bodies Department for Transport Transport Scotland Office of Rail and Road Rail Accident Investigation Branch British Transport Police HS2 Ltd Integrated Transport Authorities/PTEs Crossrail Complaints Commissioner
Industry sponsored bodies Association of Train Operating Companies Rail Delivery Group Rail Supply Group RSSB National Skills Academy Rail
Independent trade bodies Rail Alliance Railway Industry Association Rail Forum East Midlands
Campaigning and consumer organisations Transport Focus (statutory) TravelWatch London (statutory) Campaign for Better Transport Greengauge 21 Railfuture
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