The Department for Transport has explained why subsidy for LNER more than doubled in 2024/25, instead of LNER moving back into premium as had been predicted in 2023.
The 2024/25 annual report of DfT Operator Ltd, formerly DfT OLR Holdings Ltd, shows that LNER received a service agreement subsidy of £89m, compared with £36m in 2023/24.
In September 2023, Robin Gisby, Chief Executive Officer of DfT OLR Holdings, told the House of Commons Transport Committee that LNER was close to...
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