"Too early to predict whether the referendum decision will change the longer-term funding of railway enhancements" - Network Rail Chief

Network Rail Chief Executive Mark Carne said it is too early to predict whether the referendum decision will change the longer-term funding of railway enhancements, but said that we can “confidently expect taxpayers to be ever more challenging regarding the way we efficiently spend their money”. He set his staff the challenge of delivering services at lower cost.

In the letter to NR staff, Carne said to “keep focused on our job of providing a safe, reliable and efficient railway for the benefit of the people in this country”. He added that while the decision to leave the EU will create a period of considerable political and economic uncertainty, it is “absolutely imperative that we do not allow these extraordinary events to distract us from the critical job we do for our country”.

• For more on Brexit, read RAIL 804, published on July 6.