Branson attacks government 'insanity' over rail contract - UPDATE

It's not been a great few days for Sir Richard Branson after his Virgin Trains business lost its prestigious West Coast rail contract to rival firm FirstGroup, prompting the business magnate to attack the government's 'insanity'.

It's not been a great few days for Sir Richard Branson after his Virgin Trains business lost its prestigious West Coast rail contract to rival firm FirstGroup, prompting the business magnate to attack the government's 'insanity'.

The billionaire described Virgin's bid as strong and deliverable, adding that he was "extremely disappointed" over the Department for Transport's (DfT) decision to reject it.

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