First Group chief condemns Labours urge to control transport

First Group chief condemns Labours urge to control transport
Company bidding for East Coast mainline franchise accuses party of fixation on public sector involvement in rail services

The boss of FirstGroup has slammed Labours urge to control transport services and fixation on public sector involvement in rail services, claiming that the state-run East Coast mainline will return more money to the Treasury after it is reprivatised.

First is one of three firms shortlisted to take over the rail line, which has been in public hands since 2009. In that time, more than £1bn has been paid in premiums by the not-for-profit body that controls it, Directly Operated Railways.

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Source: Guardian Transport

http://www.theguardian.com/business/2014/nov/07/firstgroup-labour-urge-to-control-transport