So news has broken that the operator for Virgin Trains East Coast may end up handing the franchise back as they've generated a huge amount of losses from overbidding for the contract. This continues a proud tradition of East Coast Mainline operators being unable to fulfil contracts. Fool me once and all that...
For those who have VTEC tickets booked, do not worry. The trains will operate one way or another. The government has intervened before to keep the line running and will certainly do so again.