3 ms·
It's important to realise that the yearly price rises are almost all a result of subsidy dropping, and as peoplewindow says, many fares are already set by the g
by gsnedders 9y ago
It's important to realise that the yearly price rises are almost all a result of subsidy dropping, and as peoplewindow says, many fares are already set by the government. Notably, the total premiums paid by the train operating companies (TOCs) now exceeds the amount of total subsidy, so for the first time since nationalisation, the railways are making an operational profit.
From memory, something like 4% of fare revenue ends up as profit going to the TOCs at the end of the year; for many, this isn't enough to buy a single extra train, yet alone anything bigger. The profits these private companies are taking aren't huge in terms of the costs of operating a railway!
That said...
> I don't think the UK position is wrong. It just means people who choose to use the railways instead of driving or moving pay more of the costs. Seems fair.
Surely that same argument should apply to driving? i.e., those using for the roads should pay more of the costs instead of it all coming out of general taxation?
- peoplewindow 9y agoThey do. Fuel taxes pay for the costs of road maintenance and then a lot more on top (typically, rail subsidies!) http://www.roadusers.org.uk/wp-content/uploads/2016/09/8.4-2016.jpg http://www.roadusers.org.uk/wp-content/uploads/2016/09/8.4-2...