Thursday, 21 October 2010

Spending Review - Impact On Rail

Following on from yesterday's spending review announced by the government there is a mixture of good and bad news for Essex passengers.

On the positive side the government have confirmed that Crossrail will go ahead.  This will provide a greatly enhanced service for those who wish to travel across London and should take some pressure off existing services.

On the negative side from 2012 regulated fares are to increase by RPI+3.  Currently fare increases are capped at RPI+1.  The precise impact of these increases will not be known until 2011 when the then current rate of inflation can be incorporated into the equation.  Whatever the eventual answer, the UK will continue to have the most expensive rail fares in Europe and it may well be that passengers are forced into their cars as a consequence.

No comments:

Post a Comment