Sunday 3 July 2022

 

< back | business | images | knowledge | library | rail unveiled | home


archive


::: Test message -_— £ $ ‘’



Railhub Archive
2014-07-10 RDG-001
Rail Delivery Group

0

How much better off is Britain following the 1993 Railways Act?


keywords: click to search
Railways Act 1993



Phrases in [single square brackets] are hyperlinks in the original document

Phrases in [[double square brackets]] are editorial additions or corrections

Phrases in [[[triple square brackets]]] indicate embedded images or graphics in the original document. (These are not usually archived unless they contain significant additional information.)


Rail Delivery Group

How much better off is Britain following the 1993 Railways Act?
_______________________________________________________________


date
10 July 2014
source Rail Delivery Group
type Press release



Up to a third of the 4% average annual increase in rail journeys since the mid 1990s has come from the changes to the industry model; combined with growth in freight, this was worth as much as £7.2bn to the UK economy in 2013, according to Oxera.

The railway and its supply chain return £3.9bn in tax to the Exchequer a year, offsetting nearly all of the £4bn that rail receives in government funding.

Passenger rail services performed with markedly more resilience during the most recent economic downturn than in previous recessions with journeys increasing by 5% while the economy shrunk by around 6%. In previous recessions rail journeys dipped further than GDP or effectively stopped growing.

ENDS


Railhub Archive ::: 2014-07-10 RDG-001





Sunday
3




Not logged on
Visitor










179 stories



4 documents





3 documents



5 documents