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TSSA calls for East Coast sell-off to be halted

18 April 2013

The TSSA called for the East Coast line sell off to be halted today after an ORR report showed the publicly owned franchise offered best value to taxpayers.

"This report shows just why Ministers are in such a hurry to privatise the East Coast before the next election," said union general secretary Manuel Cortes.
 
"In the last three years, the East Coast has paid more to the Treasury than Virgin's West Coast line has paid in the past 15 years.
 
"It is a success story that the Tories do not want to hand on to an incoming Labour government in 2015. They are once again putting ideology ahead of common sense.
 
"The hard facts show that a publicly owned railway offers the best possible deal to taxpayers. Rather than private shareholders benefiting at our expense, the industry should be taken back into public ownership."

For full details, see the GB rail financial information 2011-2012 from the Office of Rail Regulation.

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