{"id":7906,"date":"2019-02-25T22:38:20","date_gmt":"2019-02-25T22:38:20","guid":{"rendered":"http:\/\/www.styledeals.co.uk\/blog\/eurostar-owner-allays-brexit-chaos-fears\/"},"modified":"2019-02-25T22:38:20","modified_gmt":"2019-02-25T22:38:20","slug":"eurostar-owner-allays-brexit-chaos-fears","status":"publish","type":"post","link":"https:\/\/www.styledeals.co.uk\/blog\/eurostar-owner-allays-brexit-chaos-fears\/","title":{"rendered":"Eurostar owner allays Brexit chaos fears"},"content":{"rendered":"\n
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\"Eurostar\"Image copyright<\/span>
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The biggest shareholder in Eurostar has sought to allay fears that Brexit might hit – or even halt – the cross-Channel train service.<\/p>\n

Guillaume Pepy, head of France’s SNCF railway company, told French media that it was working to ensure smooth travel “whatever the [Brexit] scenario”.<\/p>\n

He said “details” still needed to be worked out, but the service’s “fundamentals” would not be affected.<\/p>\n

Reports last week said the UK government feared passenger chaos.<\/p>\n

The Financial Times said a confidential assessment drawn up by the government<\/a> warned of long queues at London’s St Pancras International station, the main Eurostar terminal in the UK, if there was a no-deal Brexit.<\/p>\n

Mr Pepy told reporters: “We are well aware that the devil will be in the details – so we are working on the details.<\/p>\n

“And then, in concrete terms, we shall have to see how things are organised at Gare du Nord (in Paris) and St Pancras regarding identity and customs checks.”<\/p>\n

He added if such controls brought delays then train officials would need to assess “if we hold back the train a few minutes or send people on their way in the following train”.<\/p>\n

According to the FT, the government report feared there could be a 40-60% reduction in Eurostar services if there was no deal when Britain leaves the EU on 29 March.<\/p>\n

Last October, the government’s regular contingency papers for a no-deal Brexit<\/a> warned that Eurostar services could be suspended without specific agreements with France and Belgium.<\/p>\n

SNCF has a 55% stake in Eurostar with Quebec’s pension and insurance plans institutional investor CDPQ holding a further 30%.<\/p>\n

UK investment management firm Hermes Infrastructure has a 10% with 5% held by Belgian railways.<\/p>\n<\/p><\/div>\n


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Source<\/a> by [author_name]<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Image copyright Getty Images The biggest shareholder in Eurostar has sought to allay fears that Brexit might hit – or even halt – the cross-Channel train service. Guillaume Pepy, head of France’s SNCF railway company, told French media that it was working to ensure smooth travel “whatever the [Brexit] scenario”. He said “details” still needed … <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-7906","post","type-post","status-publish","format-standard","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/7906","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=7906"}],"version-history":[{"count":0,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/7906\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=7906"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=7906"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=7906"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}