Network Rail fined £14 million. How stupid can the government get?

Listening to the radio this morning I heard the story about Network Rail being fined £14 million. My immediate thought was "how stupid". I don't usually republish lib Dem press releases here. But Norman Baker is spot on:
NETWORK RAIL FINE BAD NEWS FOR PASSENGERS - BAKER
Commenting on the news that Network Rail is to face a record fine
following engineering work overruns at the beginning of the year, Liberal
Democrat Shadow Transport Secretary, Norman Baker said:
"This sounds like a huge fine, but it is a pointless one. All it means is
Network Rail will have £14 million less to invest in railways, and the
Chancellor £14 million more in his coffers. This is actually bad news for
passengers.
"The only sensible leverage over Network Rail in its present structure is
to actually penalise directors through their bonuses.
"The rules on track working must be reformed and moved back to a system of
single line work, which would allow travel to continue during engineering,
rather than shutting down the whole network."