Exit of Virgin Trains leaves behind a muddle over pension liabilities | Nils Pratley

Ministers should have been much clearer about who was on the hook for a £6bn deficitThe disappearance of Virgin Trains from the UK’s railways isn’t a cause for national mourning, however much Sir Richard Branson might wish otherwise. He had a very profitable run for a couple of decades.Yet the tale of how Stagecoach and Virgin were disqualified from three UK franchise competitions this week continues to intrigue, not least because the rail minister, Andrew Jones, gave shockingl