Captain Deltic lets National Express off the hook, in an Op Ed piece in tomorrow's Times...
So the National Express bid was not uniquely optimistic. Nor, given the prescriptive nature of franchise specifications, did it make unrealistic promises. The problem was that the franchising process was locked into an expectation of perpetual growth. It was a perfect system until the economy failed to play by the rules.
Steel hand, velvet glove.
Fortunately the Prime Minister assures us the downturn started in America.
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4 years ago
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