Train companies blast Miliband's attack on their "profit-making"

The Association of Train Operating Companies has blasted Labour leader Ed Miliband for attacking them for making "hundreds of millions of pounds of profit at the same time as train fares are going up by 10% a year".

Michael Roberts, ATOC chief executive, responding to Milband's comments in his speech to the Labour party conference, said: "For almost a decade, it has been government policy to reduce taxpayer subsidies to the railways by setting annual average above inflation fare...

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