I read something about GNER's & Network Rails finances this week which if true, could well prove to be a warning to us all.

Apparently, GNER's turnover in 2006 was £478m off which they turned a 1.5% profit. This compares to FGW who made a 6.2% profit off £397m. First things first, I think you'll agree the profit margins GNER were making are appauling.

In other news, latest financial results have revealed Network Rail are making £6m profit ---- per fucking day. That's £1220m profit on revenue of £2984 for the first 6 months of 07/08, up £21m on the same period last year.

Clearly the TOC's are making not a lot whilst NR are milking us all dry. No wonder the TOC's are putting up prices and no wonder I'm convinced NXEC are going to reduce service in the ECML because who would stand for a pilfry £1.5% profit and how else are they going to increase margins. Whatever happens NR will take the vast majority of it.