Further rise signalled in rail fares
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?
More From the Digital Store
The bumper collection of teaching & learning resources provided to delegates on our popular Teaching Behavioural Economics at A Level course.
Topic-by-topic editable PowerPoints on all the key topics for the Year 2 teaching content for AQA A Level Economics
A comprehensive series of topic-by-topic study notes to support students on Section 4 (Development Economics) of the IB Diploma in Economics. It covers both the SL and HL content of the...
Much cheaper & more effective than TES or the Guardian. Reach the audience you really want to apply for your teaching vacancy by posting directly to our website and related social media audiences.