Stephen Byers decision to retrieve Railtrack from the clutches of the private sector reportedly increased his popularity and made Labour MPs determined the transport secretary would not lose his job.
Byers apologised for misleading the public about his involvement in the sacking of his former press chief Martin Sixsmith and held onto his job.
He said he would not allow the incident to distract him from the agenda of improving transport, regenerating communities and providing “decent homes”.
Meanwhile, it has emerged that the Inland Revenue is chasing Railtrack investors who accepted shares instead of cash when the company announced its dividend last May.
More than 100,000 of them will be forced to pay out £2m in taxes on shares that are now worthless.
Financial Times 27/0202 page 1, page 3, page 19 (Observer), page 20
The Times 27/0202 page 1, page 2, page 14-15, page 25, page 26 (Need to know)
The Daily Telegraph 27/0202 page 1, page 2, page 4, page 14, page 27
The Independent 27/0202 page 1, page 6, page 7, page 3 (Review)
The Guardian 27/0202 page 1, page 4-5, page 19, page 21 (Leader)
