hi,
does anyone know when work will commence on electrification of the gwml? I know they will start at airport jn., but i just want to know when "immediate electrification" is?
Not sure the Public Piggy Bank has enough coppers to pay for this!
All Network Rail loans are guaranteed by the Government.Put it on NRs tab - £22.3 billion and rising but not part of the 'governments' debt.
I'm wondering if, with this electrification (apparently) going ahead, and with the rebuilding of Reading station, whether crossrail will abandon the idea of terminating at Maidenhead and run on into the more logical destination of Reading?
Crossrail won't
All Network Rail loans are guaranteed by the Government.
They only reason they do not appear as Government debt because of a cynical accountancy fiddle.
Money obtained by Network Rail does carry a higher premium as a result.
GWML is more iffy, but actually I don't see what the long term choice unless we want to commit to a diesel train for another 40 years. Which won't be a good idea for all sorts of reasons.
Explain why PFI is not shown as debt then, and why the EU has enacted Legislation particularly directed towards making the UK Government move its "off books" (hidden) debt onto the record ?Sorry, but this is nonsense.
All money guaranteed by the government appears as government debt.
Source :Employers yesterday called upon the Government to get to grips with its ballooning debts as a new study put the true size of the public sectors net liabilities at £2,200 billion, almost three times official figures.
The CBI said that the Government needed to cut its planned spending by £120 billion over the next six years, amid forecasts that official figures due tomorrow will show that total net borrowing has surged by another £10 billion in the past month.
The true level of Government debt is equivalent to 157 per cent of national output and nearly three times as large as the £805 billion figure reported by the Office for National Statistics
All money guaranteed by the government appears as government debt.