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Author Topic: Eye-Watering Rail Fares Set To Rocket Again Next Year  (Read 2296 times)
grahame
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« on: July 29, 2017, 14:50:36 »

From the Morning Star

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Eye-Watering Rail Fares Set To Rocket Again Next Year

FRESH calls to renationalise Britain’s railways were made yesterday as a new study revealed fares are set to “rocket” next year.

Rail union RMT (National Union of Rail, Maritime & Transport Workers) published a prediction of next year’s train fares, which will rise in line with August’s Retail Prices Index inflation forecasted at between 3 and 4 per cent.

The union calculated how much ticket prices on key routes would rise with a 3.5 per cent increase.

It found that already extortionate fares on London to Brighton routes would ramp up by £134 to almost £4,000.

RMT pointed out that the soaring fares in Britain are subsidising those on state-run railways in France, Italy and The Netherlands.

The union accused European owners of Britain’s rail services of “robbing” passengers to keep prices down at home.

More than 60 per cent of privateer rail operators in Britain are subsidiaries of state-owned rail companies abroad.

RMT general secretary Mick Cash said: “As inflation is running high, it will be yet more grim news for workers struggling to make ends meet.

“To add insult to injury, passengers travelling on lines in the UK (United Kingdom) operated by Italian, German and Dutch state railways, could be paying around two-and-a-half times more than their counterparts on comparable journeys on the continent run by the same operator.”

He said it was a “national scandal” that the government lets foreign state-owned firms operate Britain’s railways — while forbidding British public ownership.

Rail Delivery Group chief executive Paul Plummer, representing private operators, said: “The RMT isn’t comparing like with like, our trains are often more frequent and with better journey times than in other countries.”
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grahame
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« Reply #1 on: July 29, 2017, 14:55:36 »

And Chronicle Live adds

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Rail fares to rocket as train companies 'rob' passengers to fund overseas services, union claims

European rail owners of UK (United Kingdom) companies are accused of robbing passengers as they keep prices down in their country

The inflation figure that's due out on 15th August forms the basis for next January's rises.   This always make for two news story opportunities at quiet times of year - during the summer holidays and again in the new year.   Looks like the story's been started early this time to allow us to be fed it three times!
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« Reply #2 on: July 29, 2017, 14:58:51 »

a) the increase goes to the Government in franchise payment uplift, not into TOC (Train Operating Company) owners wallets (yes, thewir profits go up by RPI (Revenue Protection Inspector (or Retail Price Index, depending on the context)) too, but investors won't see that as a rise in profits)

b) it's the July RPI, not August's.

c) If the RMT (National Union of Rail, Maritime & Transport Workers) believe that fares rises won't be the same under a nationalised railway, their even more stupid than I thought they were.

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stuving
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« Reply #3 on: July 29, 2017, 15:05:20 »

b) it's the July RPI (Revenue Protection Inspector (or Retail Price Index, depending on the context)), not August's.

It is the July index figure that comes out in August.
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ChrisB
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« Reply #4 on: July 29, 2017, 15:49:47 »

Yep, so NOT this

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will rise in line with August’s Retail Prices Index inflation

Which comes out in September....
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