Monday, January 06, 2014
Rail against privatisation
This piece of mine appears in the Sunday Express.
IT IS the New Year tradition that we could well do without. Every year, Britain’s rail users, who already pay the highest fares in Europe, are hit with increases on their first day back to work. Happy New Year? Our greedy rail companies make sure that the goodwill lasts only one day.
Although Chancellor George Osborne capped this year’s increase in regulated fares to the RPI rate of inflation, the 3.1 per cent average rise in season tickets and the average rise of 2.8 per cent for all tickets is still a big blow for hard-hit commuters.
It comes at a time of falling real wages and on the back of a 50 per cent rise in fares in the past 10 years. The increases mean that some commuters will now have to pay more than £5,000 for their annual season tickets. Some tickets have gone up by more than £1,000 since 2008.
You can read the whole article here.