Taxpayer Lost Pounds 30m On Rail Deal

Western Daily Press › July 09, 2011

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Summary

Whitehall created a "moral hazard" in its handling of the termination of National Express's East Coast rail franchise, a report by MPs said today.

The Department for Transport (DfT) turned down an offer worth Pounds 150 million from National Express to give up the franchise by mutual consent, said the report.

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Taxpayer Lost Pounds 30m On Rail Deal

Instead the depa...

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