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Yeah sorry, forgot it was subscription site but anyone wanting to read it just google 'sunday times elaine holt', the article is titled let the private sector take more of the strain and it does allow you to read it.
It's an interesting read. A few suspect looking claims, although that may be in the writing.
Doesn't really say anything ground-breaking though.
Condensed version:
Two previous holders of ECML franchise were unable to maintain payments.
Lack of investment has damaged the service provided on the East Coast route.
e.g. "The doors were one of our biggest problems." Door specialists were no longer extant.
There was a timetable change and lots of people used the train.
A sum of money was passed to the DfT by EC.
The DfT has postponed giving out the EC franchise.
The EC route is vulnerable to being used by leisure travellers. (Bad in downturn).
Franchises should be given flexibility and not micro-managed.
Longer franchises = good.