Further rise signalled in rail fares
Friday, November 21, 2008
Print
Email
Tweet This!Save to Favorites
Regulated fares on for UK train services will rise again in the New Year as the government continues to seek a reduction in the subsidy paid by the taxpayer. In a good example of how regulatory agencies can have a direct effect on the cost of living, the price of regulated fares including season tickets will increase by six per cent from the start of 2009.
Regulated fares are based on a set formula which limits increases to 1% above retail price index (RPI) inflation
This BBC article looks at the background to the latest annual rise in the cost of travelling by train. The views of various stakeholders are flagged up – is the government right to squeeze the subsidy on passengers? Will higher fares be used to fund necessary investment in new rolling stock to boost the capacity of the system? Or will they serve only to keep people off rail services who are then prompted to make more use of their cars?
blog comments powered by Disqus
Cover to Cover - Ten Stories from the FT [8 May 2013]
Unit 1 Micro: Buffer Stocks (Revision) [20 Apr 2013]
Unit 1 Micro: Price Mechanism in Action (Revision) [20 Apr 2013]
Unit 4 Macro: Taking the Pulse of Africa - Growth Outlook is Good [16 Apr 2013]
Unit 2 Macro: Investment in UK Economy Remains Low [8 Apr 2013]
Unit 2 Macro: The Great Productivity Puzzle [5 Apr 2013]
Unit 2 Macro: Fresh Serving of Acronym Soup - ZIRPs and PLOGs [2 Apr 2013]
Revision Quiz: AS Economics: Economic Growth (1) [1 Apr 2013]
Unit 4 Macro: Growth and Development in Mongolia [31 Mar 2013]
Unit 4 Macro: FDI in Africa [29 Mar 2013]
Unit 2 Macro: Revise and Test - Aggregate Demand [28 Mar 2013]
Unit 2 Macro: Revise and Test - Macro Objectives [27 Mar 2013]
Unit 2 Macro: Revise and Test - National Income [27 Mar 2013]
Unit 2 Macro: Revise and Test - The Circular Flow [27 Mar 2013]
Unit 4 Macro: China’s Presence in Europe [26 Feb 2013]
Unit 3 Micro: Winning Bids in 4G Licence Auction [21 Feb 2013]
Unit 4 Macro: Abenomics - Changing Monetary Policy in Japan [10 Feb 2013]
Unit 4 Macro: Global Economic Power Shift Continues [28 Jan 2013]
Unit 3 Micro: Samsung surges ahead in global smartphone sales [27 Jan 2013]
Unit 4 Macro: Business Taxes - A Race to the Bottom? [27 Jan 2013]
Unit 4 Macro: Micro Credit and Development [18 Jan 2013]
Unit 4 Macro: Land Grabs and Development [18 Jan 2013]
Unit 4 Macro: Overseas Aid and Economic Development - Benefits and Costs [15 Jan 2013]
Unit 4 Macro: Overseas Aid and Economic Development - Basic Background [14 Jan 2013]
Unit 4 Macro: Sources of Comparative Advantage [11 Jan 2013]
Unit 4 Macro: GDP and PPP Adjustments [8 Jan 2013]
Unit 4 Macro: Economic Growth - the Solow Model [6 Jan 2013]
The Secret Diagram Club [4 Jan 2013]
Unit 1 Micro: Flood Defence for Venice - a Public Good? [4 Jan 2013]
Prospects for the UK Economy in 2013 [2 Jan 2013]
Unit 4 Macro: Brazil - economic slowdown continues [26 Dec 2012]
Unit 4 Macro: Mo Tanweer - Debunking the Myths of China [27 Nov 2012]
Unit 4 Macro: Paul Collier on Key Development Issues [26 Nov 2012]
Peter Marsh - A New Industrial Revolution [21 Nov 2012]
Bangladesh: As good as it looks on paper? [18 Nov 2012]
Unit 1 Micro: How Hot Dogs Are Made [11 Nov 2012]
Chocolate Passion - Grown in St Lucia, Made in Cambridge [9 Nov 2012]
Student View: Aggreko - Turning short-term solutions into long-term profit [1 Nov 2012]
Unit 2 Macro: Ford announces the closure of UK assembly plants [26 Oct 2012]
Popping mad? [22 Oct 2012]
Unit 2 Macro: The UK Economy - What Would Keynes Do? [7 Oct 2012]
Unit 4 Macro: Growth and Development Constraints for India [1 Oct 2012]
Unit 4 Macro: Mining and the Natural Resource Curse [24 Sep 2012]
Unit 2 Macro: UK Productivity Gap Grows [19 Sep 2012]
Unit 1 Micro: Prices in Action - Ticket Pricing at Derby County [17 Sep 2012]
Unit 4 Macro: Infrastructure Gaps and Development [17 Sep 2012]
Unit 4 Macro: Constraints on Growth and Development [17 Sep 2012]
Unit 4 Macro: Urbanisation in Indian Cities - Challenges and Opportunities [15 Sep 2012]
Unit 2 Macro: New to Macro - Kick-starting the British Economy [6 Sep 2012]
Unit 3 Micro: Market Power in International Parcels [4 Sep 2012]
Unit 3 Micro: Regulated and Unregulated Train Fares [21 Aug 2012]
Unit 1 Micro: Rising Wages and Demand for Robotics [20 Aug 2012]
Unit 4 Macro: Brazil Focuses on 2016 Olympic Investment [14 Aug 2012]
Unit 1 Micro: The Price of a Pizza in Brazil [8 Aug 2012]
Unit 4 Macro: Infrastructure and Development [19 Jul 2012]
Unit 2 Macro: The Funding for Lending Scheme [19 Jul 2012]
Unit 4 Macro: China’s Foreign Currency Reserves [16 Jul 2012]
Unit 4 Macro: Savings and Investment in China [14 Jul 2012]
Unit 4 Macro: Kenya invests in geothermal energy [14 Jul 2012]
Unit 4 Macro: Global Competition in High-Speed Rail Technology [13 Jul 2012]
Unit 4 Macro: Fiscal Policy in the UK - A Question of Credibility [12 Jul 2012]
Unit 3 Micro: Economics of the UK Water Industry [11 Jul 2012]
Behavioural Economics: Incentives to Cut Road Congestion [11 Jul 2012]
Unit 4 Macro: Malnutrition and Economics Development [8 Jul 2012]
Unit 4 Macro: Erratic Energy Supplies Threatens Indian Growth [5 Jul 2012]
Unit 4 Macro: China and Reinventing Innovation [17 Jun 2012]
End Depression Now! Paul Krugman at the LSE [30 May 2012]
BMW - Bavarian Monopolist at Work [24 May 2012]
Investment in Energy Infrastructure [23 May 2012]
Unit 2 Macro: Cyclical and Structural Economic Issues Facing the UK [23 May 2012]
Unit 2 Macro: Evaluation on Supply-Side Policies [21 May 2012]
Unit 2 Macro: The Current Account of the Balance of Payments [20 May 2012]
Unit 2 Macro: Migration and the UK Economy [20 May 2012]
Unit 2 Macro: Positive and Negative Multiplier Effects [20 May 2012]
Unit 2 Macro: The Importance of Productivity [20 May 2012]
Unit 2 Macro: Measuring Inflation in the UK [20 May 2012]
Q&A: What do we need to know about output gaps? [20 May 2012]
Unit 2 Macro: The Output Gap [20 May 2012]
Revision notes on unemployment [20 May 2012]
Unit 1 Micro: Revision Presentation on Government Intervention [17 May 2012]
Unit 1 Micro: Revision Presentation on Elasticity of Supply [16 May 2012]
Unit 1 Micro: Revision Presentation on the Price Mechanism [16 May 2012]
Unit 1 Micro: Price Elasticity of Supply [13 May 2012]
Unit 1 Micro: Income Elasticity of Demand [13 May 2012]
Unit 1 Micro: Price Elasticity of Demand [13 May 2012]
Unit 2 Macro: Revision Notes on Supply-side Policies [10 May 2012]
Unit 1 Micro: Revision Blogs on Markets and Intervention [10 May 2012]
Unit 2 Macro: Model answer for revision data question [9 May 2012]
Made in China - but not quite so cheaply…... [8 May 2012]
Unit 2 Macro: Growth and Development Glossary [5 May 2012]
Unit 2 Macro: Monetary Policy and Inflation Glossary [5 May 2012]
Unit 2 Macro: Trade and Balance of Payments Glossary [5 May 2012]
Unit 2 Macro: Economic Cycle Glossary [5 May 2012]
Macro Revision - Key Statistics on the UK Economy [4 May 2012]
Unit 1 Micro: Using the Cost-Benefit Principle [30 Apr 2012]
Macro Revision: Putting Things in Context [29 Apr 2012]
Tullow Oil and African Development [25 Apr 2012]
Unit 2 Macro: Heathow’s Capacity and Connectivity Crunch [22 Apr 2012]
Unit 2 Macro: Skills Shortages Hold Back Recovery [12 Apr 2012]
Unit 3 Micro: Revision on Monopoly Price and Output [6 Apr 2012]
AS & A2 Economics Revision / Exam Coaching Workshops Coming Up:
Monday 11 March 2013 - Portsmouth (Vue, Gunwharf Quays)
Wednesday 13 March 2013 - Fulham (Vue, Fulham Broadway)
Thursday 14 March 2013 - Stratford City (Vue, Westfield)
Friday 15 March 2013 - Bristol (Vue, Cribbs Causeway)
Monday 18 March 2013 - Birmingham (Vue, Star City)
Tuesday 19 March 2013 - Manchester (Vue, Salford Quays)
Thursday 21 March 2013 - Newcastle (Odeon, Metro Centre)
Friday 22 March 2013 - Leeds (Vue, The Light)
Monday 22 April 2013 - Stratford City (Vue, Westfield)
Join over 10,000 Economics teachers who receive our regular Economics Teacher Resource Newsletter:
