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Senior management of the publicly-funded Network Rail have done the right thing - Maria Eagle
6 February 2012
Maria Eagle MP, Labour's Shadow Transport Secretary, responding to news that Network Rail directors will give up bonuses, said:
"The senior management of the publicly-funded Network Rail have done the right thing.
"At a time when so many families and rail commuters are being squeezed financially, when fares are rising by up to 13 per cent and the rail network is performing inadequately, it was completely wrong for bonuses of this scale to have been even considered, let alone agreed.
"Yet again the Government has shown how completely out of touch it is with the public’s desire to see greater fairness in executive pay and an end to the automatic bonus culture. It took Labour’s intervention to force Ministers to take this issue seriously. Justine Greening was still refusing to stand up for the British public and veto this proposed bonus plan when Network Rail managers took the decision for her.
"The Government must now sit down with Network Rail to agree a way forward on the remuneration of senior managers, including whether a bonus scheme of this scale is really appropriate in a company funded by the taxpayer."
