> profitable in some sense East coast made £100m a year for the exchequer Stagecoach promised £400m for the exchequer Clearly the latter is better for the exc

> profitable in some sense East coast made £100m a year for the exchequer Stagecoach promised £400m for the exchequer Clearly the latter is better for the exchequer, it means more subsidy can be spent on other areas of the network. The problem is that Grayling let stagecoach off their promises, undermining the whole point of privatization.