The early termination of the Virgin Trains East Coast franchise for East Coast rail means a massive corporate welfare boon for Stagecoach.
Corporate welfare General

Operators and government blamed for rail failure

September 28, 2018

The UK’s East Coast rail franchise, failed because the private operator’s revenue projections were “over ambitious”, MPs have concluded. The Intercity East Coast (ICEC) franchise has failed three times in just over a decade.  In […]