
Britain's rail passengers are the victims of a 'great train robbery', a damning study concludes today
The state-run operator has been created after Virgin Trains East Coast (VTEC), 90 per cent owned by Stagecoach, ended its heavily loss-making franchise on the route from London to Leeds, Newcastle and Edinburgh. It was the third operator to walk away after hopelessly optimistic forecasts failed to materialise.
In 2007, the Great North Eastern Railway (GNER), part of the Sea Containers conglomerate, collapsed. That franchise was taken over by National Express, which itself handed back the keys two years later.














Comment: It's the same story with the other private railway operators; service is abysmal, it's cheaper to fly and you're often lucky to get a seat - and the situation is similar with pretty much all of the UK's privatized utility companies. It's also rather unsettling to note that Virgin, owned by Richard Branson, has its eyes on taking over the UK's National Health Service: