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Network Rail profits

22 November 2012

Commenting on Network Rail's profit announcement, TSSA General Secretary Manuel Cortes, said: "As the taxpayer has to pay the interest of NR's £28 billion debt mountain, as well paying over £3 billion a year for its running costs, we believe the company should be brought back under public control.

"It is time to end the facade that NR is a private company when it is, in effect, a public utility subsidised by the taxpayer.

"Then we could begin to tackle the real issues - why we have the highest fares in Europe on the most inefficient network in Europe."

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