Competition Commission Report

The CoCo's Provisional Findings into allegations that the ROSCOs abused their market position was published this morning at 07:00.

Section 20 of the Provision Findings Summary gives a flavour of the rest of the document.

20. This lack of alternatives arises from the factors identified in paragraph 10. Some of these factors arise from the DfT placing restrictions on the choice of rolling stock in franchise ITTs, or because of obligations to retain particular rolling stock as a result of section 54 undertakings. We expect that the DfT’s Rolling Stock Plan will result in further limitations on the TOCs’ choices when negotiating with ROSCOs as the DfT seeks to influence the deployment of existing and new rolling stock to enhance capacity on the network.

Who will carry the can for this embarrassing debacle?

Perhaps the same Civil Serpant who originally promised he could shave £1bn off Rosco annual lease costs and when he couldn't suggested taking this to the CoCo in the first place.

We suspect not.