* To improve efficiency and reduce costs: The government believed that privatising the railways would lead to greater competition and innovation, which would in turn lower costs and improve the overall efficiency of the rail network.
* To raise money for investment: The government also hoped to raise money from the sale of British Rail, which could be used to invest in other areas of the economy.
* To give more control to local communities: Privatisation was seen as a way to give local communities more control over their local rail services. It was thought that private companies would be more responsive to the needs of their customers and would be able to provide a better service than a centrally-controlled railway.
However, privatisation did not have the results that were hoped for. Costs did not decrease, investment in the railways was lower than expected, and there were a number of problems with the quality of service. As a result, the government has since re-nationalised some of the rail network.