I quite like that version; I think I might like it even more if the black and the red were blue instead though. A bit like this but without the fuzzy outline on the text and double arrow (caused by MS Paint's paint bucket tool):
I had a play around with this, and I agree, it looks much better. I just worry it won't integrate with the rest of the GBR design system without significant cost to rebranding existing totems, for example. But if money was no object, I've designed a GBR logo with blue replacing BR red. I really like it.


Also looked at these - I have mixed opinions...


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