Sir Richard Branson showed his genius for fuelling a story today when he offered to run the West Coast line for several months without making a profit to let ministers have more time to review their decision to strip the franchise from his company Virgin Trains.
Writing the the Sunday Telegraph, Sir Richard said:
It is far better for MPs to have the chance to debate the issues, and question ministers on the detail before the decision is finalised. To assist in this process, there should be an independent audit of the department for transport decision to ensure it has been based on correct criteria and reliable forecasting of customer numbers, revenue and payments to government.
If this process means extending the current franchise beyond December for a few months, I and my partners at Stagecoach would happily run the extended franchise on a not-for-profit basis, or donate profits to charity. We must ensure that this crucial decision is taken with all the facts correctly assessed and understood.