Poor maintenance under Railtrack led to a crash at Potters Bar that killed seven people in 2002.
Private contractor Jarvis originally blamed sabotage and later went bust. Network Rail took nine years to admit health and safety failures.
Four people died in a similar accident at Hatfield two years earlier. Railtrack had failed to keep safety records that could have helped stop it.
Fares are up by as much as 9.2 percent this year—and rail bosses are cashing in.
FirstGroup boss Tim O’Toole made a big show of freezing his pay last year—but this doesn’t cover nearly £1 million of shares.
Serco’s Christopher Hyman gets £4 million in shares, pay and bonuses.
The London Underground is 150 years old this week. It has had a rich history since the Metropolitan One steam train first ran.
But funding for the London Transport Museum has been cut by £1.5 million. Staff face redundancies and tickets have gone up to £15.