United Kingdom to renationalise East Coast train line

United Kingdom to renationalise East Coast train line

United Kingdom to renationalise East Coast train line

It will be rebranded as the London and North Eastern Railway.

Chris Grayling, the Transport Secretary, will pull the plug on the East Coast rail franchise after a string of failures by Stagecoach and Virgin. Adonis has said he was forced to resign as the government was "trying to silence" him over his criticism of its handling of a multimillion pound rail franchise. It is not a failing railway.

He told the Commons that Stagecoach and Virgin have lost nearly £200m, but there had not been a loss to taxpayers "at this time". "We can not expect companies to take on unlimited liabilities otherwise they would not bid for franchises".

It said yesterday it hoped to continue to play a role in Britain's rail network in the future.

He added that the firms have paid a "high financial and reputational price" in relation to the East Coast route.

Q&A Does the East Coast renationalisation mark a change in direction for rail policy?

Chris Grayling, the Transport Secretary, will reveal the Authorities should take again management of companies after Stagecoach and Virgin each didn't run them at a revenue.

Operators Stagecoach and Virgin Trains will hand over control from 24 June.

But whether it will help to make the line viable for the new operator is open to question.

What will the impact be for passengers?

European Union top diplomats agree to follow through Iran nuclear deal
Bolton in the past has suggested the USA government should push for a change in government in Iran. Supreme Leader Ayatollah Ali Khamenei, not Rouhani, has the last say on all state matters.

'Brooklyn Nine-Nine' Picked Up by NBC After Fox Cancellation
The ensemble cast in " The Last Man on Earth " has consistently been one of the strongest and most overlooked casts on television. The series' new time slot has yet to be revealed, but we can use the rest of the network's lineup to formulate a best guess.

English Premier League Report: Newcaste United v Chelsea 13 May 2018
Ayoze Perez's two-goal day led Newcastle United past listless Chelsea as the Magpies clinched a top-half finish with a 3-0 win at St.

This is the third time a franchise on the East Coast Main Line has failed.

The decision comes after the franchises could no longer meet payments due to lower passenger numbers and profits.

Thank you for your feedback.

Speaking in the Chamber today, Shadow Transport Secretary Andy McDonald claimed Grayling had treated the Commons with contempt by failing to provide the opposition with an electronic copy of the statement. Rail companies win, passengers and taxpayers lose. "If Virgin-Stagecoach got their figures wrong, so did the government", said Greenwood.

One of the fiercest critics since the decision was made in November has been Lord Adonis, who resigned as chair of the National Infrastructure Commission at the end of 2017.

"We are surprised and disappointed that the Department for Transport has chosen not to proceed with our proposals".

Grayling said that, following warnings in February that the franchise would run out of money within months, the DfT conducted an analysis and found that neither allowing VTEC to operate the railway on a not-for-profit basis or bringing the route into the temporary DfT control was an "obviously superior" option.

However, hours later tweeted: "While supportive of UK Govt running East Coast Mainline as Operator of Last, they have failed this franchise 3 times in last decade".

Rail unions urged Grayling to keep the line in state hands. Quite the contrary. The disciplines of private sector operation returned more investment and better returns to taxpayers than public sector operation did.

Related news

[an error occurred while processing the directive]