- 20 Oct 2014
- Up and down the south WCML (mostly)
Virgin Rail Group didn't even bid. The bid was a Virgin-branded Stagecoach bid more similar to VTEC or EMT.I have to be blunt and say that after DfT's vendetta against Virgin, apparently caused in the main by their own incompetence, l hope that any further bias is again hammered through the Courts. That 'debacle' was caused by one party, which wasn't Virgin.
I do agree with Stagecoach's position on pensions, but sometimes that does mean you have to decline to have something you want because it comes with an adverse consequence.
 The nature of final salary pensions is such that in my view any business taking on liability for them that they don't already have is being grossly negligent to their shareholders. They do exist, but they need to be underwritten by the Government if the Government insists on their retention.