Oh how times change. TOCs used to make a killing from a captive audience, commuters. The completely foreseeable era of home working has resulted in a dramatic drop in commuter numbers. GA are in a legal battle with, among others, the DfT trying to reduce their contributions. That's around 5 TOCs struggling. I can see Boris backing a return to British Rail, it's the sort of big patriotic gesture that he thinks will keep him in No.10. If they can find a new way for their friends in the city to make money out it, then it'll happen.
It's a big shame for the staff though, they're a great bunch on C2C.
Hopefully it gets sorted c2c I find is probably one of the best franchises partly down to it's small size but also ran very well everytime I use it anyway a few times a year even though the Essex locals probably disagree , but something's got to give NXEC & VTEC gave up the East Coast franchise , VTWC not in the running for the West Coast and GA trying to change what they have even though Abellio has just won the EMT franchise , I think a change is coming for the way these are awarded or a change to the whole franchising system , seems to me they have a lot more risk now than they did in 90s when it all started what changed ? Let's hope a change comes but hopefully not in the form of "Borisrail" .