\u201cAt this stage, the numbers aren’t one hundred percent known, because we’re hoping we can talk a bit more with the government about this and about bringing a bit more pragmatism into it. But there is a mechanism whereby everybody contributes.\u201d<\/p>\n
Higher charges for tunnel users would also hit Virgin Trains, the new challenger operator hoping to start running competing services to Paris, Brussels and Amsterdam through the tunnel by 2030. The second operator got the green light just last month with the aim of reducing fares and increasing competition on the key international rail route.<\/p>\n
\u201cSince 2017 we’ve had, over three valuations, a nine-times increase in the valuation. This time it’s gone up, multiplied by three, from \u00a322 million that we pay at the moment to \u00a365 million, which is the ask,\u201d Keefe said.<\/p>\n
\u201cIt needs to be based on what business can actually pay, generate and pay and still invest. Because if you take all the money in business rates, there’s nothing left for investment. So there’s nothing left for growth.<\/p>\n
\u201cWhile we’re hearing leading up to the budget, ‘growth, growth, growth, growth, growth’, nobody can invest at that level.\u201d<\/p>\n
Eurotunnel also complains that the VOA’s calculations are \u201copaque beyond belief.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"\u201cAt this stage, the numbers aren’t one hundred percent known, because we’re hoping we can talk a bit…\n","protected":false},"author":2,"featured_media":273647,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[458,1341,11069,90909,59,57,58,2923,8192,464,465,50,468,1445,1352,474,25090,56,54,55],"class_list":["post-273646","post","type-post","status-publish","format-standard","has-post-thumbnail","category-united-kingdom","tag-budget","tag-competition","tag-connectivity","tag-freight","tag-gb","tag-great-britain","tag-greatbritain","tag-growth","tag-high-speed-rail","tag-infrastructure","tag-investment","tag-news","tag-payments","tag-rachel-reeves","tag-services","tag-tax","tag-tunnels","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/273646","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=273646"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/273646\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/273647"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=273646"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=273646"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=273646"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}