Ticket costs to go up by more than RPI inflation for first time since 2013 amid concerns about high prices
Graham Watson's insight:
Rail fares, it seems, are continuing to rise, with ticket costs going up by an inflation-busting 2.6%, with the government claiming that, in part, this reflects the fact that the government has had to spend an inordinate amount supporting the sector through the pandemic.
It's always a tricky issue - most years fuel duty goes up, and it seems odd to expect people who don't use railways to subsidise those that do, particularly commuters who use it on a daily basis. However, you could argue that rail travel reduces the negative externalities associated with car travel and on that basis there's a case for compensating those who use it, although many, I suspect would still do so, in preference to driving to work.
Looking forward, it will be interesting to see how changing work patterns are going to alter the role of transport in the modern economy.
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Rail fares, it seems, are continuing to rise, with ticket costs going up by an inflation-busting 2.6%, with the government claiming that, in part, this reflects the fact that the government has had to spend an inordinate amount supporting the sector through the pandemic.
It's always a tricky issue - most years fuel duty goes up, and it seems odd to expect people who don't use railways to subsidise those that do, particularly commuters who use it on a daily basis. However, you could argue that rail travel reduces the negative externalities associated with car travel and on that basis there's a case for compensating those who use it, although many, I suspect would still do so, in preference to driving to work.
Looking forward, it will be interesting to see how changing work patterns are going to alter the role of transport in the modern economy.