Rail fares: Government will be making a 'profit from passengers'…
Rail fares are rising so fast that by 2018 the Government will be making “a profit from passengers”, according to a report commissioned by the Campaign for Better Transport (CBT).
By 2018, fares revenue will cover 103 per cent of the operating costs of the railways, up from 80 per cent in 2009, said the report by consultants Credo.
It added that by 2018 the Government’s share of funding the railways will have fallen to just 20 per cent, down from 38 per cent in 2009.
The report also said that…

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