Clarence Yard
Established Member
- Joined
- 18 Dec 2014
- Messages
- 2,951
This is very interesting. I wouldn't be surprised. First clearly aren't very happy with how the new government is changing the railways, not only because of the obvious nationalisation and removal of their revenue across many operators, but also a few recent moves to restrict Open Access, which has become the company's new strategy going forward. That's a different topic entirely, but since they have little to loose on their franchised TOCs, it's far from impossible they're doing what you're suggesting.
Does anyone remember during the peak of the COVID pandemic when there was a chance First was going to have to abandon their franchises (including SWR) because they were in such a dire financial situation?
What is rumoured is bull. FG are making a fortune out of fees from the DfT so they are not trying to break anything. They are doing exactly what the DfT is telling them to do because co-operation with the DfT gets you the biggest bucks, even when you know it is daft. The longer they are on an NRC, the more millions they can earn from each TOC in fees.
And there was no chance that pre-covid FG were going to abandon any franchises. That was just wild rumours by those that wanted them gone or who were just posing, for effect. They had the financial and legal position more than covered and when the old style franchises were ended in 2020, they made money out of that too.