Rail franchises axed as help for train firms extended...

[caravanman]

The government and the train companies are painting this as a good deal. But in reality, because of Covid, it's a fairly unsatisfactory scenario for all those concerned.
The taxpayer will be liable for the losses on the railways for a much longer period of time. And with the virus spreading, passenger levels might remain suppressed - so the losses could continue for some time to come.
Please read the "Analysis" section, gives better explanation than the Govt. spin...
UK Rail franchises finish...

 

[jis]

The franchise system was pretty much standing on its last broken leg by the end of 2019, and was clearly on its way out. And then the pandemic struck adding complications, leading to the current half baked state.

https://www.bbc.com/news/business-49356029