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But what is important to passengers is that the trains run on
But what is important to passengers is that the trains run on time today, not tomorrow. Until they do, the best incentive is to hold the bonuses back. Varney’s RevenueDavid Varney’s submission to the Gus O’Donnell consultation on merging the Inland Revenue and Customs and Excise read like a job application and so it has proved. At an annual salary of just £150,000, there wouldn’t have been an awful lot of competition for the leading businessman the Government was seeking to oversee the process, so when Mr Varney applied, the Treasury must have bitten his hand off to sign him up.
The former mmO2 chairman would be a brilliant catch for any organisation. The Government’s answer is to dangle a carrot in front of Network Rail’s managers and a stick to the rear end of this pantomime horse bonus payments for meeting annual performance targets and the sack for missing them. Last year, they hit two of their three targets but missed the one which matters most punctuality.The NAO is not keen on this arrangement, fearing it will encourage the horse to manipulate performance to keep the nosebag full Sir John would prefer longer term financial targets. The lack of any shareholder in Network Rail, other than the Strategic Rail Authority, does not give it much incentive to become more efficient.
And, as the NAO notes, it leaves the Government exposed to a hefty credit risk (£23bn at the last count). Gordon, the Brown engine, has managed to keep all this borrowing off the public finances with copious use of smoke and mirrors, the latest wheeze being to refinance some debt with £14bn worth of railway bonds, but it will be the taxpayer who picks up the bill if there is a serious derailment. The most solvent ones are already spitting tacks over having to cough up for an industry-wide compensation scheme. So the Government must pay, and if it does it will be deluged with demands for money from hard luck causes the length and breadth of the land. Network RailThere is a glimmer of light at the end of the tunnel for Network Rail and the good news is that it is not coming from an onrushing train. Yesterday’s report from the Fat Comptroller, Sir John Bourn, hardly amounts to a clean bill of health.
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- A quarter of US domestic oil comes from Gulf oilfields all but shut down by Katrina while 25 per cent of all oil
- At least four-fifths of New Orleans is under water in some places 10ft deep or more
- That’s why we may need the skills of Zimbabwe to help us she said at an education conference
- Our chief executive is our diversity champion so she is personally driving the diversity agenda and everyone that works here can see
- My portfolio includes the House of Commons the Department of Trade and Industry and a range
- Why go to the expense of turning Sellafield into a wildlife sanctuary and building
- The proposal will be defeated and it would be better for the Board to
- It is an infringement of copyright to use a substantial part of a work
- His century was his first in four seasons at the Rose Bowl and received rapturous
- even with this cancer thing she is still being positive
- I have the feeling that the phrase full term originated with
- They were asked to wear black to mourn the death of their club and the fact that
- This makes it sound uncannily like a perfect World Cup
- Gilberto Silva was forced to concede a corner which led to Fletcher feeding Rooney for a fine drive against Lehmann’s leg Rio
- More choice over hospital and elderly care
- The biggest factor is the cost of cyclical decoration every five years
- a warning that the whole Fleet project was to be reviewed surely sped the decision
- They have traditionally been cloaked in an aura of invincibility although that has
- On the wall there’s a The Belles of St Trinian’s poster and a mounted photo that Sadie gave me for Christmas of
- At the moment an ancient cable-car takes visitors up to the shrines but eventually all that will be visible above the water
- SPECIFICATIONS Price: £13880-£20830 Engine: 1
- It was the Romanian’s fourth consecutive win against Sch?er
- Grease a large 25cm tart tin line the tin with the pastry then trim the edges and refrigerate for one hour
- For internet investors commissions for trading US shares can be lower
- He does not want to spend more than £20000 and wonders if these cars are
- The current capital Moscow though is a fine place to view Bolshevism’s folie des grandeurs especially with
- This debate as often happens with the Mitchells brings out their inner Vicky Pollard
- How we came to get together during the week was fantastic said Latham who was made man of the match
- On an occasion likened to the Last Night of the Proms it was Stevens’ first night as a prop in
- What to make for supper when there is nothing new in the
- Let me just say that when Cain decided to list his 10 greatest films he
- He is told to think very carefully because a similar story a few years
- The couple divorced early in their son’s life prompting in him a craving for attention
- Presumably then this is all part of his schtick to make people like
- What about the lies of this administration about the Iraq war? she asked Lies lies
- After one election the new government unleashed a pogrom on the minority
- I’d call them laughter lines – she tells very good jokes – but Sarah’s husband said that she was beginning to look
- Labour strategists fear the subconscious message will play well in marginal seats in areas such as the West Midlands and among eurosceptics tempted
- Until then I thought I possessed powers of healing and everything I did would guarantee her
- A great talent probably lost for good
- The big twin has climbing power to spare and the agile suspension and brakes are designed for sinuous mountain roads
- The steering is accurate and consistent if a little light at speed
- There are cracks big enough to swallow a man
- His three-date run at The Marquee celebrated that success and gave Londoners a brief glimpse of what they missed in Edinburgh
- There are justified concerns also that Turkey’s size and the acute poverty of some of its regions could
- Some choose not to use the school lavatories as a result which can lead
- We are not going to abolish the Pension Credit but it will gradually
- The ensuite bathroom is gorgeous all tiled and with a button on
- They are reluctant primarily because so long as Mr Bush insists that he was right they see any contribution
- My mother couldn’t stand me – she breast-fed me through a straw
- You can’t believe how many stupid people there are out there and you
- These exercises set up the defining example of Jacksonian thought that being pushed off a cliff is in fact attempting but failing to
- Specialist travel agencies have turned their energies to coming up with imaginative ways to stretch the alliance fares to the
- The girl who once ran with a virus and reached such physical
- There was no sound of cars no tour groups nothing of the 21st century
- The Government will pay £250 into a CTF for every baby born after September 1 2002 and
- We don’t have to do anything special for Bloomsday said Steve Delaney the pub’s
- The Walkmen play King Tut’s Glasgow on Friday then tour to Birmingham Brighton
- Chitty’s set – Birtwistle’s original idea – is a mirror image of itself:
- ACPO said: You’d need to speak to the Home Office on that one
- His habit of name-checking real-life pubs restaurants and shops in works of fiction was unusual and was considered indecorous
- The All Party Parliamentary Football Club has organised a special screening of the game in a ministerial conference room
- But what is important to passengers is that the trains run on
- She officially took charge of Congress in 1998 but before yesterday’s surprise result her future
- Market MoversRoyal & Sun Alliance 80p up 5
- BT has also agreed improvements in the technical services it provides to rivals in the fixed line residential phone market to make
- * Two Danish Army medics have reported witnessing Iraqi prisoners brought to a military clinic after
- The initiative – which will cost BoI £135m – will see the
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