UK Taxpayers Face £140 Million Bill To Prop Up Destruction Of Train Building Industry

Rail union RMT today demanded that the Government reverse the decision to award the crucial Thameslink fleet contract to Siemens after it emerged in a series of parliamentary answers to Derby MP Chris Williamson that the Siemens bid was priced in Euros and with the 10% decline in the value of the currency since tendering the cost to the UK taxpayer on the £1.4 billion contract has soared by £140 million.

In their response to Chris Williamson, a member of the RMT Parliamentary Group, the DfT said:

“I can confirm that elements of each of the named rolling stock procurements are priced in foreign currencies, including the Euro, and that up to the point of financial close any fluctuations in the value of the Pound against the Euro have the potential to impact upon the cost of these procurements to Her Majesty’s Government.”

RMT believes that the fluctuation in the Siemens price, added to the social economic cost of the loss of 10,000 jobs at Bombardier in Derby and in the supply chain, means that the case for reversing the original decision is now overwhelming and the delay in signing off the deal presents the Government with a window of opportunity to do just that.

RMT General Secretary Bob Crow said

"The catalogue of failure behind the betrayal of Bombardier has sunk to a new low with the taxpayer now expected to subsidise Siemens to the tune of £140 million due to the collapse in value of the euro.

"RMT has said for months that the chaos in the financial markets has delayed the sign off of the Thameslink deal and now that we have been proved right it is time for the government to cut the lies and give this vital work to the Derby workforce, who are geared up and ready to go, while there is still time."

> RMT National News

Thursday, 14th August
Rail union RMT, will hold a mass meeting in Manchester on Thursday 14 August at 2pm as part of its national campaign to end outsourcing on Britain’s railways.
Thursday, 14th August
Bus workers’ union RMT has welcomed the Transport Committee’s report on the state of England’s bus services and backed its call for long-term funding, protection of socially necessary routes and greater support for local authorities.
Tuesday, 12th August
Rail union, RMT warned that the failure of Government and Network Rail to fully act on safety recommendations made following the fatal Carmont rail crash has left rail workers and passengers at continued risk.
Friday, 1st August
Seafarers’ union RMT have highlighted figures from the Fishguard–Rosslare ferry route that prove the case for a mandatory, legally enforceable seafarers’ charter to protect jobs, safety and service standards in the UK ferry industry.
Friday, 1st August
Maritime union, RMT is backing a major event to mark the 200th anniversary of the North Sands Massacre, when five striking seafarers were shot dead by soldiers during an industrial dispute in Sunderland.