Maria Eagle, Shadow Secretary of State for Transport has said that the privatisation of the railways has proved that such schemes do not give the tax-payer value for money.
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A councillor has called for an investigation after accusing a primary school of expelling four disabled pupils.
Money raised through the fund will be given exclusively to projects that help people in Leicestershire.
Richard Storer from Solihull has been forced to live in his car after suffering from post traumatic stress disorder.