Full Report: Bids begin for East Coast privatisation

Bids can begin for the East Coast mainline after the Government invited private companies to takeover the running of the service within the next two years.

Virgin Trains had already registered their interest within hours of the announcement - and more companies are set to follow.

The line was nationalised in 2009 when National Express struggled to meet their costs, but the Government now say that it is in the interest of passengers for it to be handed back to a private company.

However, unions believe that the move would waste millions of pounds.

You can watch the full report from Dan Ashby below.

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Bidding begins for East Coast

The East Coast main line is expected to be back in private hands in less than two years under rail franchise plans announced by the Government today.