When the infrastructure-owning company Railtrack ceased trading in 2002, the Labour government set up the not-for-dividend company Network Rail to take over the duties rather than renationalise this part of the network. However, in September 2014, Network Rail was reclassified as a central government body, adding around £34 billion to public sector net debt. This reclassification had been requested by the Office for Budget Responsibility to comply with pan-European accounting standard ESA10.
