Sunday, 28 June 2009

Up to a point Lord Adonis!

According to Ed Balls there will be no future spending cuts before the next General Election!

Of course attendees at last week's Fourth Friday/Modern Railway's Innovation Awards already knew this.

Lord Adonis spoke at the event and took questions at the end.

Asked whether the HLOS was still affordable he replied with a confident one word answer:

"Very!".

As the crescendo of applause died down it became apparent that in some areas of the room the response had been more muted.

Could it have been the presence of a former
Rail Regulator that made an entire table of TOC MDs sit on their hands?

Or first hand knowledge of railway finances and the current 'downturn' in passenger revenue
?