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NX loses East Anglia Franchise

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NX loses East Anglia Franchise 26/11/2009 at 12:51 #307
AndyG
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1778 posts
From BBC news
http://news.bbc.co.uk/1/hi/business/8380108.stm

I can only help one person a day. Today's not your day. Tomorrow doesn't look too good either.
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NX loses East Anglia Franchise 26/11/2009 at 12:51 #4565
AndyG
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1778 posts
From BBC news
http://news.bbc.co.uk/1/hi/business/8380108.stm

I can only help one person a day. Today's not your day. Tomorrow doesn't look too good either.
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NX loses East Anglia Franchise 26/11/2009 at 15:11 #4580
andyb0607
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250 posts
No surprises there then!!

It was obvious they weren't going to extend the franchise! Would have been a political nightmare if they took that one back under public control as well!!

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NX loses East Anglia Franchise 26/11/2009 at 15:42 #4581
Peter Bennet
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4806 posts
...and a legal nightmare!

Part of the problem being HMG did not understand the contracts it had signed with the TOCs!

Peter

I identify as half man half biscuit - crumbs!
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NX loses East Anglia Franchise 27/11/2009 at 17:24 #4632
mfcooper
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694 posts
But it isn't losing the franchise, it's only losing the oppertunity to EXTEND the agreement. Bloomin' headline writers!
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NX loses East Anglia Franchise 27/11/2009 at 17:36 #4633
postal
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4374 posts
Online
Just like when NXEC let it be known that they would be in default later in the year unless there was a change in their economic fortunes and the press instantly trumpeted that the government was immediately renationalising the franchise.

Never let the facts get in the way of a good headline.

“In life, there is always someone out there, who won’t like you, for whatever reason, don’t let the insecurities in their lives affect yours.” – Rashida Rowe
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NX loses East Anglia Franchise 27/11/2009 at 21:32 #4637
moonraker
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328 posts
Quite how HMG ever thought it would get £1 Billion back from any of these franchises is beyond me. I doubt that any of them will achieve even half that amount in the current climate.
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