ARE BIG CHANGES AFOOT FOR THE RAIL INDUSTRY?

THE Chancellor of the Exchequer is presenting an emergency budget on 8 July to implement Conservative election pledges. Among these is a need for all non protected government departments to cut their budgets by around 18 per cent. The Department for Transport is not excluded and in examining where to shave billions off its spending projections it is likely to be taking a close look at forward plans for the railway since the industry’s Regulator, the Office of Rail and Road, has confirmed that Network Rail’s maintenance and enhancement programmes are both falling behind schedule. Continue reading