Adam Smith Inst - Labour’s fare cap is a bung to train passengers
Adam Smith Institute Head of Research Ben Southwood commented on Jeremy Corbyn's pledge to cut commuter rail bills by £1000
“Labour’s fare cap is a bung to train passengers which will be paid in higher taxes on those who cycle, drive, or get the bus instead.
Railway improvements cost money. The government already pays around a quarter of the price of a ticket—although very little of this goes to commuters—and the more of the cost they take on, the less money we have to modernise and improve our railways.
Under British Rail, the government chronically underinvested in the railways and they dwindled for decades and half the network had to be mothballed; since we returned operating companies to the private sector passenger journeys have more than doubled. HS2 effectively rebuilds, at great cost, the high speed line that already existed—built by the private sector, and scrapped by the state.
Before privatisation there were 17 trains a day from London to Manchester—now there are 47.
The franchise system isn’t perfect, but nationalisation is a step backwards. To move forwards we must learn from the most successful systems, like Japan’s, where integrating track and train in a private system has unlocked a torrent of investment—newer and faster bullet trains every year.”
For further comment or to arrange an interview please get in touch with email@example.com or call 020 7222 499
Latest News from
IFS - End of furlough likely to be particularly tough for older workers17/06/2021 11:35:00
While a lot of the focus on the employment effects of the pandemic has, rightly, been on the young, employees over the age of 65 were 40% more likely to be furloughed in late April than those in their 40s (14% versus 10%).
“The Bank of England should end its asset purchases now”: IEA expert comments on ONS inflation figures17/06/2021 10:35:00
Julian Jessop, Economics Fellow at free market think tank the Institute of Economic Affairs, responded to consumer price inflation figures published by the Office for National Statistics, which show inflation has jumped to 2.1 per cent
IFG - Covid-hit public services could be further disrupted by government targets17/06/2021 09:35:00
Government targets in public services may do more harm than good, warns a new paper from the Institute for Government.
Delay to roadmap could lead to “a further rash of business closures”: IEA expert comments on ONS labour market figures15/06/2021 13:30:00
Professor Len Shackleton, Editorial and Research Fellow at free market think tank the Institute of Economic Affairs, commented on the labour market figures from the Office of National Statistics showing the unemployment rate has fallen to 4.7 per cent
“Chancellor right to reject calls for furlough extension”, says IEA expert15/06/2021 12:30:00
Julian Jessop, Economics Fellow at free market think tank the Institute of Economic Affairs, commented on calls to extend the furlough scheme
Civitas - Study finds over 80% CofE dioceses appoint clergy who advocate racial justice activist claims & over 70% promoting climate activism – marking Church’s ‘separation of the head from the body’10/06/2021 11:35:00
In a new report, researchers have set out to investigate the scale of support for ultra-progressive radical activist agendas alleging ‘systemic racism’ in English society, the understanding and use of ‘unconscious biases’ and prescribing a ‘climate emergency’ doctrine within the Church of England.
‘Special relationship’ can thrive if UK forges new green trade agenda with US at G7 summit – IPPR report10/06/2021 10:35:00
Ahead of the G7 leaders’ summit in Cornwall, the IPPR think tank is urging the UK to spearhead efforts to rewrite the rules of global trade.
IEA - “Social distancing rules must go on 21st June”: IEA expert responds to ONS data on UK pubs and bars sector10/06/2021 09:35:00
Christopher Snowdon, Head of Lifestyle Economics at free market think tank the Institute of Economic Affairs, responded to figures from the Office for National Statistics showing that 55 per cent of pub staff are still furloughed and only 24 per cent of pub owners have “high confidence” that their business will survive the next three months
‘Bitter irony’ that health and care staff are made ill by their work: The King’s Fund response to the Commons Committee report on workforce burnout and resilience08/06/2021 11:35:00
Suzie Bailey, Director of Leadership and Organisational Development at The King’s Fund, responded to the Health and Social Care Committee report on workforce burnout and resilience in the NHS and social care