Network Rail debt costs 1.5bn pounds every year

More than 10 per cent of the money being spent on UK railways is actually used to service Network Rail's huge debts, it has emerged.

More than 10 per cent of the money being spent on UK railways is actually used to service Network Rail's huge debts, it has emerged.

According to a report from the Office of Rail Regulation (ORR), the cost of paying off the £28bn debt totalled £1.5bn in the 2011-12 financial year, equal to 13% of the amount used to operate the network of lines across Britain.

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