Date: 02/12/2022

The railway spent £22.8 billion (£1.5bn more than its income) in the financial year to March 31 - mainly due to inflation on index-linked Government borrowing for Network Rails financing costs, which rose to £2.8bn (up by 58%).

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Industry finances reveal signs of recovery

RAIL

The railway spent £22.8 billion (£1.5bn more than its income) in the financial year to March 31