The British Railways Board (BRB), the body that once operated the "British Rail" brand, no longer exists as a functioning railway operator; it was formally abolished in 2001 following the privatization of the UK rail network in the 1990s. Its remaining assets and liabilities were transferred to the Strategic Rail Authority and later to BRB (Residuary) Ltd, which was itself wound up in 2013. Today, the functions that the BRB once held are split across several entities: Network Rail manages the tracks and infrastructure, while various private Train Operating Companies (TOCs) run the actual services. However, in 2026, the UK is in the midst of a major rail reform with the creation of Great British Railways (GBR). GBR is designed to be a new "guiding mind" for the railways, bringing the management of tracks and trains back under a single national brand to improve punctuality and simplify ticketing. While GBR is not a revival of the old BRB, it represents a return to a more centralized, state-overseen model that many see as the spiritual successor to the original nationalized board.