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East Coast rail line returns to private hands

Joint venture involving Virgin and Stagecoach takes control of train services that have been run by public sector for more than five years

Monday, 02 March 2015

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  • Rail franchising faces 100-day deadline Labour has promised that it would start changing the law to allow a public sector operator to compete for rail franchises within 100 days of being elected. The pledge comes as a consortium of Stagecoach and Virgin takes over Intercity East Coast services after more than five years of public ownership. The party's transport secretary Michael Dugher has told an audience in Leeds that there would be a 'level playing field', followed by a 'speedy review of rail franchising to replace it with a system fit for purpose'.

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