Politics 26 February 2013 The West Coast rail fiasco will probably cost us a lot more than £50m Try doubling it. Sign up for our weekly email * Print HTML "£50m at the very least" is the latest amount that the West Coast rail fiasco is expected to cost the tax-payer although the cost might be "very much larger". It would seem the Public Accounts Committee has picked the lowest possible number it can think of (in the grand scheme of government money wasting £50m must seem insignificant to the PAC) thinking that people will say, “oh just £50m, that’s not so bad”, while they mutter in an undertone, hoping no one will hear, “it might be a bit more though”. For a government that won an election on the importance of cuts, the bonfire of quangos and the sacking of unnecessary civil servants the manifest, barefaced disregard for any money other than your own is, at best, infuriating and at worst just depressing. The report from the PAC has said the aborted west coast franchise award was down to a "complete lack of common sense" from "blinkered, rushed" senior officials. I honestly wish this were true. How simple it would be if this was just a case of lack of common sense, a one off mistake, something even the best of us are guilty of suffering of from time to time. Sadly, this is a result of a far deeper problem. The truth is many people working for the DfT (as well as the rest of the government) simply do not care if the money is wasted. As the government further alienates its staff, heavy handedly wielding its cost saving sword, blunders due to a complete lack of care are going to become more common. The reality is that we do not know and will probably never know just how much this whole unfortunate mess cost the tax-payer in the end. I think a good rule to stick to when trying to find the bottom line in the chaos and confusion of any government screw up (there are almost certainly more coming at high speed from Birmingham) is to double any number proffered and hope that’s the worst of it. › "For three months, there was no single person in charge at all” - business quote of the day Photograph: Getty Images Billy Bambrough writes for Retail Banker International at VRL financial news. Subscribe from just £1 per issue More Related articles Jeremy Corbyn has found a vulnerable spot on Theresa May and trade Politicians are worried that their pensions are destroying the planet. Is yours? Nap Store: Where did all these new mattress start-ups come from?