Yes, the UK model isn't perfect. For the most part, it doesn't result in true competition because train operating companies are awarded monopolies over regions and routes rather than actually competing against other. The few routes that really do have competition between operators (like London-Birmingham) are also the routes that have the most competitive fares!
One solution would be to auction off packages of "slots" on the most profitable, and capacity constrained, routes (eg: east & west coast main lines) rather than franchise them as single monolithic entities.
As for "not working very well", those who remember the days of government-owned-and-operated British Rail will attest that the current system is a significant improvement!
One solution would be to auction off packages of "slots" on the most profitable, and capacity constrained, routes (eg: east & west coast main lines) rather than franchise them as single monolithic entities.
As for "not working very well", those who remember the days of government-owned-and-operated British Rail will attest that the current system is a significant improvement!