Why the British Rail Modernisation Plan Failed

Hello again! :D

Back to trains, and for this week we discuss one of Britain's most audacious but ultimately futile projects to revitalise the network in the wake of World War II. However, rather than undertaking a comprehensive rebuild of the network, British Railways was short-changed time and again, ultimately resulting in a facelifted but largely unchanged system that dated back to the Victorian era, though it was much smaller and crippled by far more debt than ever before.

This video was actually a suggestion from an American viewer, who was curious as to why British Rail had such a vast array of diesel locomotives during its early years. :)

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References:
Railways Archive (and their respective sources)
RMWeb (and their respective sources)
Wikipedia (and its respective references)