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Crucial Network Rail data criticised

The company running Britain's track, signals and train stations may be using flaky figures to plan its maintenance work, says a regulator.

South Wales rail electrification scheme finally gets the go-ahead with a £230 funding package

David Cameron confirms go-ahead for Valley Lines electrification after long-running dispute

Friday, 21 November 2014

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  • Network Rail slammed after dismal record on punctualityIn the wake of a dire set of performance figures, Network Rail’s chief executive, Mark Carne, has been warned by the industry’s top regulator that his organisation is failing passengers.
  • If foreign state-owned companies can make enormous profits in the UK, why isn’t our Government competing? There can be no question that privatisation has brought much good to Britain – and in more than just financial terms. It seems strange to think that it was only a few decades ago that taxpayers owned a sizeable proportion of the country’s grandest hotels, its cross-Channel ferries and British Airways. Not to mention our dockyards and steel and car industries. The sale of these assets brought billions of pounds into the Exchequer and relieved Britain of the risks involved in playing the global capital game.

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