View Single Post
  #62   Report Post  
Old June 25th 07, 10:34 PM posted to uk.railway,uk.transport.london
D1039 D1039 is offline
external usenet poster
 
First recorded activity at LondonBanter: Jun 2007
Posts: 19
Default Stagecoach win East Midlands franchise

On 22 Jun, 17:45, "Graculus"
wrote:
"Chris Tolley" wrote in message

...

Paul Corfield wrote:


Over the life of the franchise, seven years and four months, the
DfT will receive a premium of £133m from Stagecoach Midland Rail
Limited.


and



Yup, alrady suffering that on SouthWest Trains, where 1 pound in every 5
goes to the government. Not Network Rail, or anywhere else related to the
railway, but straight into the exchequer as general taxation. There may not
be VAT on transport, but there's already a 25% (stealth) tax on my train
fares.


Actually, not. It goes to DfT, who recycle it back into the lines that
receive a subsidy. Actual net HMG/devolved government/PTAs
contribution to the British railway system exceeds GBP5 billion per
annum*

*At least it was last year, I haven't checked this year

Incidentally, can anyone point me at a breakdown of the subsidy/
premium profile of all TOCs please?

Thanks

Patrick