There is a knotty question surrounding the IEP. The train that is now being offered by Hitachi is very different from the one on which it won the competitive tender. So much so that the other train manufacturers could argue that they never had the opportunity to bid for a train in its present form. This could lead to a legal challenge. We shall see.
Certainly the European train manufacturers have a lot to fear from Hitachi. The Japanese company has promised to build an assembly plant, and nothing more than an assembly at Newton Aycliffe, in the depressed north-east. If it does this, the other manufacturers could find themselves locked out of an important part of the UK train market for decades. This will be a serious threat not just to UK train manufacturing but also to the UK railway research and development industry that is associated with it.
I do not agree with economic jingoism but this looks as if the UK is about to find itself at the receiving end of a colonialist coup.