Oral history interview with Clifford Perry, conducted and recorded by Chris Kinchin-Smith in Berkshire on 19 July 2018. Duration: 1 hr. 18 min. 13 sec. Early career; Intercity 125 introduction; general management experience; setting up Angel Trains; Director of Traction & Rolling Stock Network SouthEast (NSE); aimed to make privatisation work; Managing Director Thameslink Train Operating Company (TOC); Thameslink 2000; driver only operation (DOO); difficult relationships with Railtrack; Thameslink management buyout; joint venture partner; reasons for unsuccessful bid; GoVia; impact on family life; Sharesave scheme; lessons from MBO bid process; high fixed costs; potential fleet discussed with Porterbrook; change in bidders’ approach during privatisation; losing bid to GoVia; joining AEA Technology; effects of privatisation on TOCs; Thameslink 2000; AEA Technology sale of rail business; improved understanding of interfaces and safety; effects of volume growth and investment

One of over 150 oral history recordings made as part of the Britain’s Railways All Change (BRAC) archive project. BRAC was set-up to cover gaps in documenting the railway privatisation process in the United Kingdom, between 1994 and 1997, when the government-owned British Rail was dismantled into over 100 privately-owned companies. The interviews capture the recollections of people involved in the planning and implementation of the privatisation process, the management of change and running the railway during privatisation.