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Media Monitor: Issue 362 16 May 2009

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Costs, Frachising, Government, Rail, National Express, All of UK

Hoon refuses to let rail bosses off hook

Transport secretary Geoff Hoon has ruled out renegotiating the East Coast rail franchise as growing numbers of MPs expressed concern.

The fate of the critical rail link between the North East, London and Scotland has been at the centre of speculation for months because the recession has squeezed profits for operator National Express.

The company’s pledge to pay the government £1.4bn for the right to run services on the route depended on strong passenger growth, but that has been...

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