The government is set to renationalise the East Coast mainline, one of Britain’s busiest railway lines.
Transport Secretary Chris Grayling is due to confirm later this afternoon that he will bring the line back into public ownership following a string of failures.
Virgin Trains East Coast – a joint venture between Stagecoach
(90%) and Virgin (10%) – was awarded the franchise to run trains for eight
years in 2014.
But the private operators have since complained of losing money on the line between London and Edinburgh.
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