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The Guardian - UK

Business

Gwyn Topham Transport correspondent

Claw back £12m ‘failing’ rail firm paid out in dividends, Labour urges

Avanti Avanti West Coast Louise Haigh West Coast First Group ORR TPE

An Avanti West Coast train at Stoke-on-Trent station. — ‘It’s time the government did their job and hold this failing operator to account,’ said the shadow transport secretary. Photograph: Nathan Stirk/Getty Images

Labour has called on ministers to claw back £12m in dividends paid by Avanti West Coast to its shareholders last year, when it was subsidised by £343m by the taxpayer.

Figures released by the rail watchdog on Tuesday showed that Avanti paid out £12m in 2021-22 from management and performance fees.

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