That’ll be 2bn that Stagecoach didn’t pay? The only involvement Virgin had was letting them run under the Virgin brand. The fact they were losing money hand over fist sort of defeats the ‘evil billionaires bleeding the country dry’ argument as well. The government did a number there.
They weren't "losing money hand over fist" - they would have done, had the deal ran the whole term, but the actual losses they had incurred were relatively minor (they probably paid around £500 million for the time they were in charge but were on the hook for at least another £2 billion up to 2023).
As for the "Government did a number there" - what actually happened was that they had a stable firm (East Coast, a brand run by the Government's own Directly Operated Railways) running the East Coast trains competently, performance was good, the services were popular and well-used, they were putting a realistic amount of money back into the Treasury and generally not causing a fuss.
Obviously that ran entirely counter to Government policy so they pushed them out of business (they weren't even allowed to bid for the franchise when it was offered up again and DOR itself was scrapped
in favour of paying a consortium a lot more to act as operator of last resort), had a franchise competition that cost at least £10 million, and now VTEC has failed they are coming up with some absurd new scheme where firms that couldn't be trusted to run just the trains are now going to be trusted to run the trains and everything else.