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mark occomore
Joined: 07 Dec 2006 Posts: 9955 Location: UK
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Posted: Fri Jan 02, 2009 4:59 pm Post subject: Rail Fares Rise In The Credit Crunch |
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It's strange how the economy has been in decline and Rail Fares are rising to keep the share holders happy. Yes!! We all know about investment in the railways, but it's not right.
http://news.bbc.co.uk/1/hi/uk/7808058.stm |
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RockitRon
Joined: 07 Dec 2006 Posts: 7646
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Posted: Fri Jan 02, 2009 6:46 pm Post subject: |
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Most of the rail franchises have changed hands over the last 18 months, and the new operators (and those who managed to renew) had to pay the Government through the nose for the privilege. The need to cover that cost and make some money out of them, and the obligation in the franchise agreements to invest in rolling stock, is behind the above-inflation increases. Passenger numbers have increased, so there is presumably demand even at the higher ticket prices.
In addition to the percentage rises in prices, they are also placing more restrictions on the availability of the cheaper, off-peak and advance fares. _________________ Ron |
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gfloyd
Joined: 07 Dec 2006 Posts: 4861 Location: Here, There, Everywhere.
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Posted: Fri Jan 02, 2009 7:15 pm Post subject: Re: Rail Fares Rise In The Credit Crunch |
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mark occomore wrote: | It's strange how the economy has been in decline and Rail Fares are rising to keep the share holders happy. Yes!! We all know about investment in the railways, but it's not right.
http://news.bbc.co.uk/1/hi/uk/7808058.stm |
Less people going to work. Less passengers. Less income. Do the math! _________________ His name was ernie ........ and he drove the fastest milk cart in the west..... |
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