Transport Secretary to renationalise East Coast Mainline
The Transport Secretary Chris Grayling has confirmed that the East Coast Mainline, which connects Yorkshire with London Kings Cross, is set to be renationalised.
As we reported earlier this week, Grayling had been set to make the announcement before the weekend.
The East Coast rail franchise, which connects York, Leeds and Wakefield with the capital, is run by Stagecoach, which owns 90% of the franchise, and Virgin, which owns 10%.
In a statement this afternoon (16 May), Stagecoach confirmed the move. The company said: "We ha... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
