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Taxpayer faces bill for rail franchise failures [Subscription}

Taxpayers will help prop up ailing rail franchises under plans to encourage more companies to bid for routes.

Carillion faces Wednesday showdown with lenders to safeguard future

Troubled contractor Carillion faces a pivotal showdown with lenders next Wednesday, hoping to convince them to plug a massive funding gap and safeguard the future of the firm and its 50,000 global workforce.

Sunday, 07 January 2018

The Guardian

  • Is this the best we can do with Britain’s railways?As more strikes loom and fares rise steeply, Britain’s railways are the subject of intense debate once again. Would renationalisation solve the problems?Asked by the Observer to explain the issues he has with his morning rail service, Croydon commuter Ian Devlin needs one clarification: “How many pages do you have?”“It’s a disgusting,” he says, waiting on South Croydon’s platform three just before 8am, with no expectation that he will have a seat on his journey. “Cancellations, reduced carriages – I won’t get a seat on this one, either. I think they should be brought back in [to national owner...

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