Stay up to date with notifications from The Independent

Notifications can be managed in browser preferences.

Byers given three days to explain Railtrack fiasco

Colin Brown
Sunday 25 November 2001 01:00 GMT
Comments

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

Stephen Byers has been given three days to clear up the confusion over his denials that he pushed Railtrack into bankruptcy by withholding £162m in public support.

The Transport Select Committee chairwoman Gwyneth Dunwoody has given the Transport Secretary until Wednesday to put in writing his explanation for contradictions in the story given to her committee.

Mr Byers denied that he had withheld £162m from Railtrack before he sought the court order to put it under administration. Within 24 hours, his account was contradicted by Sir Alastair Morton, the chairman of the Strategic Rail Authority.

A leaked letter revealed that the SRA chairman had written to Sir Richard Mottram, Mr Byers's permanent secretary at the Department of Transport, Local Government and the Regions, to protest at delays in paying the money. In the letter, Sir Alastair said: "I do not suggest that the Treasury is blameless in this matter, but the primary responsibility must lie with your department."

Mr Byers was challenged about the letter by the committee. He said: "We certainly did not block a payment of £162m to Railtrack."

Tories on the committee demanded that Mr Byers should be brought back to answer further questions. Mrs Dunwoody ruled that no more oral evidence was needed but the committee confirmed it had written to Mr Byers asking him to clarify the issue before its inquiry is completed.

Railtrack's fall has proved popular with Labour MPs and the public, but the cost of compensation and the impact in the City is yet to be counted.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in