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In the papers today - Wednesday 27 September

Christopher Garnett, former chief executive of the train operator, GNER, says the rail franchise market will 'self-destruct' because bids are getting too high. GNER agreed to pay the government £1.3bn over 10 years for its east-coast franchise, but is struggling to meet the payments. 'The market will self-destruct as bidders bid to win on ever-tighter margins,' said Mr Garnett. 'When it goes wrong, it's going to come right back to the Department for Transport.' GNER said it was not ...

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