In the News
Rail Economics: Explaining the increase in UK Rail Fares
22nd January 2018
The FT looks at the recent 3.4% increase in season ticket and off-peak rail fares, and drills down into the price increase, arguing that the train operating companies (TOCs) only earn a small margin on each £ spent on the railways.
He notes that the government has taken a decision to increase the proportion of the cost of the railways onto passengers and away from the taxpayer. There's much sense of this - but should taxpayers subsidise rail travel because of the positive welfare effects rail has on the UK economy.
You might also like

Sunk Costs - HS2 may not run through to central London
27th January 2023

Regulated rail fares to rise 6% - potentially pricing many off services
28th December 2022

UK bus price cap scheme is extended
19th December 2022

Environmental Economics - CO Emissions by Transport Mode
27th November 2022

Bus fares in England to be capped at £2 per journey for 3 months
3rd September 2022

German government offers a cheap travel pass to citizens
15th July 2022

Spain uses a windfall tax to make some train journeys free
15th July 2022