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Dec 30, 2009, 9:29am

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AuthorTopic: Train fares (Read 76 times)
insider
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Train fares
« Thread Started on Feb 24, 2009, 11:57pm »
The government has rejected a request from train companies to make sure fares keep rising. Half of Britain's range of train fares is regulated and those are allowed to rise by 1% above the rate of inflation but on that basis, if there is deflation of more than 1%, it would mean that those fares have to be cut.

Transport Minister Lord Adonis is expected to announce that the formula will remain in that case, which could cost the train companies millions. The BBC's transport correspondent Tom Symonds says that worried train companies have been asking the government to freeze fares for two years, but ministers have rejected their proposal.

He adds that there have been warnings that commuter train companies that are reliant on regulated fares could be heading for financial difficulties, especially as they lose passengers in the recession. Government sources say they have to protect the interests of passengers, who are already paying the highest ticket prices in Europe.

So what does all this mean? That train fares will continue to rise, because this government is in control of NOTHING!
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kevvy
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Re: Train fares
« Reply #1 on Feb 25, 2009, 4:52pm »
Will we see the equivalent in deflation? eg if deflation is 2% the Train fares reduce by 3% now that's what we want to see, and the same to energy companies.

After all who can afford to "let the train take the strain" nowadays?
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Once Emigrated then came back.Mad or what!!!
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Re: Train fares
« Reply #2 on Feb 25, 2009, 5:09pm »
Kevvy I'm 100% with you on that one but I fear we're both "pissing in the wind"!!!!!!
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Re: Train fares
« Reply #3 on Jul 27, 2009, 3:16pm »
Train companies, who have already brought in "unacceptable" increases in recent years, could be forced to push up the cost of travel again as well as closing ticket offices, running shorter trains and reducing service frequency.

The Transport Select Committee said the franchise system, whereby train companies negotiate a contract with the Department of Transport to run trains on a particular line, allows and even encourages operators to take passengers for granted.

And this is suppoesed to encourage more people to use public transport? How?

Story here
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