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From what I've read, it seems like they've been very short of rolling stock. This issue is controlled by the Government, in the form of the DfT. One of the many insane aspects of privatisation is that TOCs have to HIRE their trains from ROSCOs, which are owned by banks. Bad for the TOCs, crippling for the taxpayer.
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"Everything was built by men in overalls and destroyed by men in suits" Fred Dibnah
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