East Coast rail franchise 'to be scrapped' by transport secretary

Chris Grayling likely to introduce ‘not-for-profit’ arrangement on line from London to Edinburgh

Chris Grayling is expected to make a decision “within days” to end the existing East Coast rail franchise operated by Stagecoach and Virgin Trains.

The transport secretary was said to be preparing to either renationalise the London to Edinburgh line or negotiate a “not-for-profit” arrangement with Stagecoach and Virgin Trains before the end of the week.

Source: FS – All – Economy – News 2
East Coast rail franchise 'to be scrapped' by transport secretary