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Taxpayers' £50m West Coast bill

Taxpayers will face a "significant" bill of around £50m over the West Coast rail franchise fiasco, the Government's spending watchdog has warned.

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Sir Richard Branson: 'It was our last resort'

Virgin boss Sir Richard Branson has spoken to ITV News' Business Editor, Laura Kuenssberg, about the decision to take legal action over the government's decision to award a new West Coast franchise to FirstGroup.

Speaking from Necker Island, Sir Richard said: "It was our last resort".

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