“Speaking in the House of Commons said the franchise had

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moncler coats for kids Tories award lucrative rail moncler outlet jackets franchise to Virgin Trains minutes after revealing East Coast route will collapse within monthsStagecoach ‘got their sums wrong’ but Tory Transport Secretary Chris moncler sale Grayling is still awarding another lucrative franchise to VirginChris Grayling (Image: PA)Get politics updates directly to your inboxSubscribeSee our privacy noticeMore newslettersThank you for subscribingWe have more newslettersShow meSee our privacy noticeCould not subscribe, try again laterInvalid EmailThe Tories have awarded a lucrative rail franchise to Virgin Trains just two minutes after revealing another franchise part run by the firm was set to collapse within monthsVirgin Trains East Coast is a partnership between Stagecoach and Sir Richard Branson’s empire.The government had already decided to end the franchise three years early in 2020 which could cost taxpayers up to in lost payments to the Treasury.But today Transport Secretary Chris Grayling admitted to the commons that the franchise only had enough cash to operate in its current form “for a matter of a very small number of months and no more.”And in a move branded cheap moncler “outrageous” by a rail union leader Virgin Trains was given an extension to run services on the London to Glasgow route.Mick Cash, General Secretary of the RMT transport workers’ union branded it a “shameful fiasco.”East Coast rail route bail out has a strange twist for taxpayersHe called for the East Coast franchise to be renationalised with immediate effect and for Grayling to quit.He said: “Chris Grayling and the Tory Government have turned transport in Britain, the nation that gave the railways to the world, into a global laughing stock. He is a specialist in failure of the highest order and should resign.”And Labour’s former Transport Secretary Lord Adonis said: “On same day that Virgin Stagecoach have failed on East Coast line, Grayling has given Virgin a sweetheart deal on West Coast, without any competition, and allowed Stagecoach to bid for future franchises possibly also keep East Coast contract as well.”Speaking in the House of Commons said the franchise had “breached a key financial covenant” but insisted it moncler outlet sale would continue to operate as usual with no impact on services or staff on East Coast.But, he added: “It does mean I need to put in place, in the very near future, a successor arrangement to operate this railway and to end the current contract.”He denied there would be a bailout, but said the Department of Transport taking over the franchise was “on the table”.Mr Grayling told MPs: “The problem is very straightforward. Stagecoach got its numbers wrong, it overbid, and it is now paying a price.”He said Stagecoach may be allowed to continue to operate East Coast on a not for profit basis on a “very strictly designed short term arrangement”.Tory government could let Virgin Trains run more rail lines despite East Coast ‘bailout’Despite the dire news, Mr Grayling immediately went on to visit site moncler jackets outlet announce that Virgin Trains West Coast had won a “short direct award” to run the West Coast line for some time longer.”The East Coast and West Coast franchise should not be confused,” he claimed.”The West Coast franchise has a completely different corporate structure where Virgin Trains is the majority shareholder.”He added Virgin had “transformed” the West Coast line.And he refused to rule out Stagecoach being handed plum contracts in the future, saying: “As the company is meeting its financial obligations to support https://www.newmoncleroutlets.com the franchise, including with the full parent company’s support, and because it has operated services on the East Coast mainline successfully, the Department has concluded that there are no adequate legal grounds to restrict it from bidding on current or future franchise competitions on this basis.”. moncler coats for kids

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