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Pandemic profiteering creams off 7p in every pound
RAIL UNION RMT today revealed that for the first year of the Covid-19 pandemic, the Government gave the private train operators over £150m in fees for profits which the Union estimates to be equivalent to nearly 7p of every pound...
Region: National
Tagged with: Covid-19, Emergency Measures Agreement, TOC's, Train Operators, Tory Government,
RMT calls for halt to planned cuts
RAIL UNION RMT has called for a reversal of planned cuts across Network Rail, TFL and the train operating companies after the rail minister said today that the Government are expecting passenger numbers to return to pre-COVID levels as the...
Region: National
Tagged with: Job Cuts, Network Rail, Transport for London, TfL, TOC's, Tory Government,
RMT research reveals COVID corporate cash grab scandal
As the Government increases passenger rail fares by 2.6% today, new research by RMT reveals that the private train operating and rolling stock companies’ profits from last year stand to be equivalent to 15 pence of every pound passengers paid on fares...
Region: National
Tagged with: Covid-19, TOC's, Train Operating Companies, ROSCO's, Rolling Stock Companies, EMA, Emergency Measures Agreement, ERMA, Emergency Recovery Measures Agreement, DfT, Privatisation, Tory Government
RMT on Coronavirus bailout bonanza for TOC's
Britain’s private rail companies stand to make almost £500 million in profits over the next 12 months according to new research, amid widespread speculation that the government is about to extend its Emergency Measures Agreements. Analysis of ministerial answers to questions...
Region: National
Tagged with: Covid-19, Grant Shapps, Transport Secretary, TOC's.taxpayer bailout