Sir John Bourn, head of the NAO, has written to Tom Winsor, the rail Regulator, saying the inquiry is in its preliminary stages but would begin in earnest by the end of the month.
The NAO told the regulator: ‘We have decided on a report with a broad remit to determine whether the way in which the railway is regulated is still appropriate given a big rise in the volume of traffic.’
The public finance watchdog went on to say it would also look closely at costs associated with Railtrack since it was forced into administration last October.
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies
Smith & Williamson has been appointed administrators of charity 4Children