Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

UK set to end Arriva's Northern rail franchise-minister

Published 01/02/2020, 06:13 AM
Updated 01/02/2020, 06:16 AM
UK set to end Arriva's Northern rail franchise-minister

LONDON (Reuters) - Britain will bring to an end the Northern Rail franchise run by Deutsche Bahn's Arriva due to its "completely unacceptable" performance, Transport Minister Grant Shapps said on Thursday.

Shapps told BBC TV he was no longer willing to tolerate the high level of delays and cancellations suffered by rail customers in the north of England. "I'm simply not prepared for the service on Northern to carry on as it is and I am taking action," he said.

Asked if that meant he would strip Northern of the franchise he said: "(That is) absolutely the case. I do not think that the service being operated on Northern ... is anywhere near acceptable."

Britain's model of grouping rail routes into franchises that are run by private operators for a set number of years has been attacked by passengers, unions and politicians, who have said it results in expensive and unpredictable service.

The government has had to take over the running of some lines in recent years after private companies failed to turn a profit.

Northern, which operates services throughout the north of England, has had to apologize for late running and canceled trains, and problems with introducing new timetables.

Arriva won the franchise in 2015 to run the service until 2025, helped by a promise to deliver new and refurbished trains, more services, improved stations and options for lower fares.

No one from the company was immediately available to comment.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.