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2m
Conservative government nationalises East Coast Main Line
The government is bringing the East Coast Main Line back under state control, ending the franchise agreement with Virgin and Stagecoach, saying they’d got their bid wrong. Transport Secretary Chris Grayling denied Labour’s accusations that it amounted to a multi-billion pound bailout, insisting taxpayers “have not lost out”.
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Lilian Greenwood MP on East Coast Main Line: ‘Treasury will be experiencing black hole of £400m’
Chair of the Transport Select Committee, Labour MP Lilian Greenwood, discusses the East Coast Mail Line.