Somebody, somewhere, is not telling the truth.
The consensus amongst the transport hacks (Grauniad, Independent & Times) is that the owner groups told Geoff Hoon that they needed additional financial support or there was a risk of service cuts.
However, according to a 'DfT Spokesman' today:
"No train operating company has approached us for service cuts or additional financial support. This issue was not raised in the meeting with Geoff Hoon yesterday."
Who is doing the spinning? Railway Eye would be grateful for guidance.