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Continued rail disruption certain without urgent action, says report

Britain's crumbling rail network is not built to "modern standards" and is at risk of a repeat of the severe disruption of last winter unless urgent action is taken, according to a major new report being considered by ministers.

As fares go up again, what do Britain's rail users get for their money?

Before commuters have kissed summer goodbye, the chill winds of January's fare rises are blowing down the tracks. The latest inflation figures mean ticket prices will rise by 3.5% in 2015, more than double the rate of consumer price inflation and nearly six times as fast as growth in wages. It has once again raised the question of whether travellers and taxpayers get value for money on the railways. Just what are Britain's passengers paying for?

Sunday, 24 August 2014

BBC News

The Independent

The Observer

  • As fares go up again, what do Britain's rail users get for their money?Before commuters have kissed summer goodbye, the chill winds of January's fare rises are blowing down the tracks. The latest inflation figures mean ticket prices will rise by 3.5% in 2015, more than double the rate of consumer price inflation and nearly six times as fast as growth in wages. It has once again raised the question of whether travellers and taxpayers get value for money on the railways. Just what are Britain's passengers paying for?
  • Stop picking passengers' pockets and bring trains back under publc controlFor 30 years, privatisation of public assets has been portrayed as an easy win-win. The state gets a much-needed one-off boost to its revenues and the now privatised business gets all the dynamic benefits of private ownership. It will be more efficient, prices will be lower, subsidies reduced and a regulator will act as a long stop to ensure that the public interest is protected. What could be better than that?

The Scotsman

The Telegraph

  • Airline shares are still too turbulent despite recent gainsThe commercial airline industry was born on New Year’s Day 1914, when a single passenger paid for a 23-minute flight across Tampa Bay in Florida. One hundred years later, the industry is now global, but profitability remains on a knife edge. Are airlines simply too risky for the average investor?
  • Cruise operator's first leap for outside crash River cruise operator Riviera Travel is embarking on a new journey as it looks to bring in outside investment for the first time. The Burton-based company, started by the entrepreneur Michael Wright almost 30 years ago, has brought in advisors from PwC after receiving approaches from private equity firms.

Daily Express

This is Money

  • How to beat a rail fare rip-off Commuters and travellers have just four months to work out how to pay for train fare rises due to take effect from next January. Student Matt Evans has a 16-25 Railcard.

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