Our satisfaction with rubbish trains means free beer money for rail execs




News that Network Rail executives are to receive bonuses, despite missing several modest targets, reveals the incompetence the British public can be persuaded to think they’re happy with Sir David Higgins is a lucky man. He’s the chief executive of Network Rail who, we learned last week, is receiving a £99,082 bonus on top of […]







Continue reading…

 

Network Rail pleads for more cash as its debt soars




Figures suggest there will be a record 1.5 billion journeys on the railways this year and more money is needed Network Rail has warned that the smooth running of Britain’s trains will be jeopardised without increased investment to meet demand as passenger numbers and the track operator’s debt continued to grow. Figures suggest there will […]







Continue reading…

 

Network Rail debt breaches £28bn on higher spending




Rail infrastructure company’s net debt soars due to a rise in capital investment, but profits also rise from £136m to £573m The net debt of Network Rail has soared to more than £28bn, it has been announced. The rail infrastructure company said its net borrowings had risen from £27.2bn at the end of March 2012 […]







Continue reading…