From Railfuture Media Centre:
The Autumn Budget and Spending Review 2021: delivering for UK▸ Rail services – a Railfuture perspective
As we await tomorrow’s Autumn Budget and Spending Review, Railfuture has voiced its fears for the future of the railway. Chris Page, chair of Railfuture said “The Government mustn’t ‘throw the baby out with the bath water’ – railways are still recovering from the pandemic, but rash cost cuts now will cost the taxpayer money through reduced fare revenue”. Neil Middleton, a fellow Railfuture director said: “Everyone has a choice on how to travel – reduced train frequencies and expensive fares just encourage us all to use other options – any saving in costs is so easily outweighed by lost revenue. It would be great if the Government announced they were dropping their current approach to the annual inflationary fare rise – The use of the outdated RPI▸ statistic really isn’t fair – a switch to CPI (without a supplement) – or even better no increase would send a message that the Government is serious about encouraging low carbon travel”. Chris added “we are all better off if 5 passengers pay £10 each, rather than just 4 paying £10.50 each”.
“So, what are we looking for in the Autumn Statement? We believe the railway can best meet the country’s needs if there is a focus on two key aspects:"
“Firstly, ensuring that there is a much stronger focus on customer needs."
“And secondly, ensuring that the railway is fully supported by the government so that it can meet its shorter and longer term ambitions, such as the low carbon economy, levelling up etc.”