Economics

In the News

Competition Policy: Preston-to-Scotland rail fares capped

6th December 2019

Here is a lovely example of competition authorities intervening to protect consumers.

In this case, the Competition and Markets Authority are concerned that FirstGroup and TrenItalia have monopoly power over rail routes into the West Coast of Scotland and so have intervened to cap fares.

🚄 Train passengers travelling on 21 routes between Preston and Scotland will benefit from capped fares and the availability of cheaper advance tickets following our investigation.

Find out more: https://t.co/vghNEjDG7T
— Competition & Markets Authority (@CMAgovUK) December 6, 2019

Preston-to-Scotland rail fares to be capped https://t.co/AXiwPpA4iK
— BBC Business (@BBCBusiness) December 6, 2019

Graham Watson

Graham Watson has taught Economics for over twenty years. He contributes to Tutor2U, reads voraciously and is interested in all aspects of Teaching and Learning.