UK Taxpayers Face £140 Million Bill To Prop Up Destruction Of Train Building Industry

Rail union RMT today demanded that the Government reverse the decision to award the crucial Thameslink fleet contract to Siemens after it emerged in a series of parliamentary answers to Derby MP Chris Williamson that the Siemens bid was priced in Euros and with the 10% decline in the value of the currency since tendering the cost to the UK taxpayer on the £1.4 billion contract has soared by £140 million.

In their response to Chris Williamson, a member of the RMT Parliamentary Group, the DfT said:

“I can confirm that elements of each of the named rolling stock procurements are priced in foreign currencies, including the Euro, and that up to the point of financial close any fluctuations in the value of the Pound against the Euro have the potential to impact upon the cost of these procurements to Her Majesty’s Government.”

RMT believes that the fluctuation in the Siemens price, added to the social economic cost of the loss of 10,000 jobs at Bombardier in Derby and in the supply chain, means that the case for reversing the original decision is now overwhelming and the delay in signing off the deal presents the Government with a window of opportunity to do just that.

RMT General Secretary Bob Crow said

"The catalogue of failure behind the betrayal of Bombardier has sunk to a new low with the taxpayer now expected to subsidise Siemens to the tune of £140 million due to the collapse in value of the euro.

"RMT has said for months that the chaos in the financial markets has delayed the sign off of the Thameslink deal and now that we have been proved right it is time for the government to cut the lies and give this vital work to the Derby workforce, who are geared up and ready to go, while there is still time."

> RMT National News

Friday, 14th August
English Heritage has installed a blue plaque at the former Notting Hill home of Asquith Xavier (1920–1980), the railway worker whose determination to challenge racial discrimination helped bring an end to an unofficial ‘colour bar’ at London’s Euston Station.
Thursday, 13th August
RAIL union RMT praised railway workers following a serious derailment of a Southern Railways train this afternoon (Thursday August 13) near Lewes in Sussex.
Wednesday, 12th August
RAIL UNION RMT warned on the sixth anniversary of the Carmont rail tragedy today (Wednesday August 12) that the government and Network Rail needed to act on safety recommendations.
Friday, 7th August
RAIL union RMT has congratulated its members for the way they dealt with the recent power outages across the rail network.
Friday, 7th August
RMT members working at East Midlands Railway (EMR) will take further strike action tomorrow (Saturday August 8) after the company sent out yet another faulty train this week.