Transport costs – what the Politicians don’t say

uk trainsMany pledges have been made on the campaign trail, but one big question remains unanswered regarding transport, who pays? writes Dr John Disney from Nottingham Business School.

Pledges to freeze rail fares or limit fare rises to the Retail Price Index (note, not the lower Consumer Price Index) are likely to lead to claims for increased subsidy from train operators who have taken on franchises under different arrangements. Such changes in fares policy can only be implemented when a thorough review has taken place of rail franchising and that will take several years to complete. Continue reading