Grayling misleading Commons on East Coast rail 'bailout', says Labour
Transport secretary faces accusations after it emerged operator Stagecoach had been due to pay Treasury more than £2bn
Labour has accused the transport secretary of misleading parliament over the early termination of the East Coast rail franchise as it emerged that the operator, Stagecoach, had been due to pay the Treasury more than £2bn in the final four years of its contract.
A new rail strategy announced by Chris Grayling on Wednesday contained plans to replace the Virgin Trains East Coast (Vtec) contract running to September 2023 with a model of a partnership between track and train operators from 2020.
Source: Guardian Transport