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  1. seagullsovergrimsby

    It seems Network Rail are in a bit of a mess

    The reason they took it back into public ownership was the continuous debt being built up by Network Rail which was getting out of control , £33BN in 2014 and projected to reach £50BN by 2020 , thats why the private sector was keen to get shot of it. The coalition wrote off the £33BN Network...
  2. seagullsovergrimsby

    It seems Network Rail are in a bit of a mess

    Yes , the same coalition which had to bring back Network Rail into public ownership , which at the stroke of a pen last year wiped out its £33BN debt (only transferred into the national debt) and enabled any deficit in the company pension fund to be covered by the Government administered PPF.
  3. seagullsovergrimsby

    It seems Network Rail are in a bit of a mess

    I get the impression the Conservatives already knew the :shit: was going to hit the fan after the general election and they would be able to absolve themselves by either being in opposition or in coalition. Now they cannot shift the blame onto anyone else.
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