Skip to content
Saturday 22 August 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE · FR
MorningWire

European business, markets and politics

FTSE 100
10,816.56
+0.64%
DAX
26,136.56
+0.59%
CAC 40
8,484.43
+0.37%
STOXX 50
6,462.22
+0.63%
  • Europe
  • Markets
  • Business
  • Economy
  • Regulation
  • Politics
  • Opinion
More
GermanyFranceEU InstitutionsCompetitionPublic AffairsBankingTechnologyEnergy
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Regulation
  • Politics
  • Opinion
  • DE
Tuesday 09 May 2023 3:14 pm  |  Updated:  Tuesday 09 May 2023 7:40 pm

60 business leaders warn Sunak to bring Great British Railway plans forward – or jobs and investment will be on the line

By: Guy Taylor

Transport Reporter

Add as a preferred source on Google
Rail Passengers Brace For Wave Of Strikes Through Holiday Season
Rail passengers wait to board an Avanti West Coast mainline train (Photo by Christopher Furlong/Getty Images)

Sixty business leaders have written to Prime Minister Rishi Sunak today, urging him not to delay legislation that would establish Great British Railways (GBR) beyond the current parliament.

The letter, which was also addressed to Transport Secretary Mark Harper and Rail and HS2 Minister Huw Merriman, argued that pushing the reforms into the long grass would increase uncertainty and affect jobs and investment.

Signatories included CEO’s of the Railway Industry Association and construction engineering firm Aecom’s Europe and India branch, as well as senior executives from a host of other infrastructure, rail and engineering groups.

The Great British Railway legislation was first announced in 2021 as part of the ‘William-Shapps plan for rail,’ and would see GBR, the new public sector body, take over from Network Rail to oversee the network.

Last October, the-then transport secretary Anne Marie Trevelyan told the commons that plans would be delayed, with the project now set to come into being in Autumn 2024.

The business leaders wrote that they were concerned that continued uncertainty would threaten jobs, investment and rail performance, stating that businesses need “certainty to invest and deliver best value and a much better deal for the taxpayer.”

“This new partnership will unlock innovation and drive down costs, but time is short, and these benefits should not be delayed.”

Read more

Virgin Trains gets green light for channel tunnel route

Red Virgin high-speed train on tracks at a station platform, under an arched glass roof, with blurred people.

The letter asks the government to “bring the Bill forward,” which will “enable the private sector to “grow passenger numbers and freight volumes, at a time when we are all seeking to boost the economy and decarbonise.”

It comes amid fresh strike misery for the rail sector this week, which will see numerous train operators close on Friday and for Saturday’s Eurovision final. Network Rail have estimated the costs of the new action could hit £20-30m per day for the rail network.

The Chief Executive of the Railway Industry Association (RIA) Darren Caplan, said “getting on with rail reform will help provide the certainty rail businesses need to invest, take on staff and develop their business plans, ultimately benefiting passenger and freight customers, and resulting in better value-for-money for taxpayers.”

He added that “there would be a heightened risk of hiatus in rail investment if decisions get delayed as rail reform stalls.”

“We ask Rishi Sunak to take note of the letter, if he wants to have a world-class rail system in the UK, which connects the country and delivers on his own agendas to level-up, decarbonise, and encourage industries which can give a major boost to economic growth.”

A DfT spokesperson said: “We remain committed to reforming the rail industry through Great British Railways, which will modernise our network and better deliver for passengers and freight customers.

“The Government is already getting on with delivering tangible reforms that will benefit passengers including single leg pricing with LNER and extending tap-in tap-out pay-as you-go ticketing on the network. Legislation will be brought forward when Parliamentary time allows.”

Read more

MoN Takanawa: The Museum of Narratives Launches New Season “Sound as Culture” Starting October 1

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Transport & Infrastructure

Related Topics

  • great british railways
  • Network Rail
  • Rail Delivery Group
  • Railways

Trending Articles

  • House prices in wealthy London boroughs fall by up to £300,000

  • As it happened: Miners fuel FTSE 100 recovery; oil jumps as Trump claims Strait of Hormuz

  • City law firm sues prominent Emirati business family

  • Amanda Blanc has worked her magic at Aviva

  • As it happened: FTSE 100 rallies after JD Sports drags on blue chips; oil jumps again

More from Morning Wire

  • Virgin Trains gets green light for channel tunnel route

    Transport & Infrastructure
    Red Virgin high-speed train on tracks at a station platform, under an arched glass roof, with blurred people.
  • MoN Takanawa: The Museum of Narratives Launches New Season “Sound as Culture” Starting October 1

    Business Wire
  • Burnham urged to axe tourist tax expansion in devolution drive

    Hospitality
    Andy Burnham, Mayor of Greater Manchester, speaking outdoors with a lapel microphone on his suit jacket.
  • Nscale doubles London office space as UK staff grows sixfold

    AI
    2024 was a transformational year for GlobalData.
  • Government to inject millions into electric vehicle firms despite mandate backlash

    Politics
    Car bodies on an assembly line in a UK car plant, showcasing EV manufacturing process
  • The BBC shouldn’t push Londoners to accept antisocial phone behaviour 

    Opinion
    Passengers inside a graffiti-covered London Underground train car, some looking at phones, others observing the interior.
  • Luton Airport expansion set for take-off after environmental challenge dismissed

    Transport & Infrastructure
    Luton Airport aerial view with planes, runways, and terminal buildings, highlighting busy travel hub operations
  • Burnham’s devolution drive could ‘push 90,000 jobs out of London’

    Economics
    In 2022, rolling Tube strikes led to massive queues for crowded buses. (Photo by Chris J Ratcliffe/Getty Images)
MorningWire

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • EU Institutions
  • Europe

Business

  • Markets
  • Business
  • Economy
  • Regulation
  • Competition
  • Public Affairs

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About Morning Wire
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 Morning Wire Ltd · Published by Morning Wire Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook