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Business Comment Lead Story: Issue 306 9 Mar 2007

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Funding, Growth, Rail, ATOC, Megabus/Megatrain, TOCs, All of UK

Politicians must pay the subsidy, or give the railway a free hand

Off the record, TOC managing directors wax lyrical about their frustration at the government’s view of rail industry funding. In some public services, politicians positively boast about the subsidy they put in. But the railway, it seems, has the unique effect of turning subsidy into a dirty word.

“You’d never believe it when politicians talk about railways, but subsidy is not a bad thing in itself,” one train company boss said. “Schools and hospitals are 100%...

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