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Thursday, July 19, 2012

Another Blow for British industry as Government puts in £1billion order for Japanese bullet trains which will be here by 2016

A £1 billion order for super-fast bullet trains in the UK will be made in Japan in what critics will call a missed opportunity for British industry.

The Government is set to announce the deal which will see the First Great Western rail firm bring 500 carriages into service here by 2016.

Despite the huge size of the deal, it is expected to only create 500 British jobs with the majority of construction to be done by company Hitachi in Japan.

Critics, including the rail union RMT, will argue that a British company should have insisted the entire fleet be built here to create more UK jobs.

The Government will argue that this is the best deal for taxpayers as Hitachi offered the best price and most competitive tender. Read More