As part of the exciting DfT Annual Business Plan process swinging cuts are in view.
Eye readers will be aware that all TOCs have had to submit submit Annual Business Plans (ABPs) to DfT for 2023/24.
The Requests for Business Plans (RfBPs) issued by DfT to all TOCs at the end of last year mandated budget cuts of circa 15% (and in some cases even more) against already demanding 2022/23 budgets.
DfT is due to give its final determination on individual 2023/24 TOC budgets in February.
Expect your local railway to get much grubbier with poorer customer service as TOCs cut back on anything other than absolutely essential activity.
More good news for an increasingly hollowed out supply chain.
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