Network Rail bosses are deciding which projects could be pushed back if the government orders the rail operator to cut its spending. Board minutes from October, which have just been made public, show that Network Rail bosses discussed several "scenarios [...] to mitigate the effects of Covid-19" after recording a £96M combined overspend and revenue shortfall. Consequently, Network Rail has begun preparing a revised business plan, which includes cost savings, should government reduce its budget. "Should Network Rail be asked to cut cost from its business plan, the revised plan would split cost savings between deferrals and reduced output," the minutes state. 'The board discussed whether the changes to technical standards was delivering efficiencies and noted that these were starting to be ascertained and would be reported in due course.
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