10 April 2007
There are times when it is easy to forget that in addition to the approximately £5bn that the UK rail industry receives in subsidy each year there is also the £20bn guarantee that Network Rail is rapidly snaffling up. So, it's a good thing - if not a pleasant thing - to be reminded now and then.

In the 1980s, the subsidy was about £1bn.

Patrick Crozier • PermalinkFeedback (0)Rail

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