Tories’ commitment to privatised rail is rewarding failure – McDonald
Andy McDonald MP, Labour’s Shadow Transport Secretary, commenting on the latest ORR figures, which show a decline in the performance of Virgin/Stagecoach rail services, said:
“These latest figures show that the Tories’ commitment to privatised rail is rewarding failure and it is taxpayers and passengers who are paying the price.
“Transport Secretary Chris Grayling awarded Stagecoach/Virgin a £2 billion taxpayer bailout on the East Coast while gifting the same companies a lucrative contract extension on the West Coast. Despite taxpayer bailouts and sky high fares Stagecoach/Virgin are overseeing plummeting performance.
“It’s time for services to be taken back into public ownership so that they are run in the interests of taxpayers and passengers rather than billionaire rail bosses.”