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CyclingSid
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« on: August 14, 2022, 05:14:02 pm » |
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Surrey 455
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« Reply #1 on: August 14, 2022, 06:06:42 pm » |
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I hope The Times is right. Unfortunately I can't read all of that article because of the paywall. A Google search shows that the Mail and the Express are speculating a 12% increase. My computer fan has just gone in to overdrive trying to cope with all the ads and other rubbish on the Mail website! |
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ChrisB
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« Reply #2 on: August 14, 2022, 06:43:12 pm » |
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Like previously, I doubt any announcement will be made on Wednesday (or indeed until nearer the rise date) & we'll be left guessing.
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didcotdean
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« Reply #3 on: August 14, 2022, 06:45:45 pm » |
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The BBC» reports: A Department for Transport spokeswoman said: "The government is taking decisive action to reduce the impact inflation will have on rail fares during the cost of living crisis and will not be increasing fares as much as the July RPI▸ figure. Really all future uses of RPI should be binned off as it has become a discredited measure. |
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ChrisB
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« Reply #4 on: August 14, 2022, 06:50:54 pm » |
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Totally agre, but try telling the unions that....
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Clan Line
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« Reply #5 on: August 14, 2022, 07:12:26 pm » |
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Like previously, I doubt any announcement will be made on Wednesday (or indeed until nearer the rise date) & we'll be left guessing.
Of course not..............the line will be...."if the RMT▸ want 12%, someone has to pay for it !" |
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stuving
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« Reply #6 on: August 14, 2022, 07:13:56 pm » |
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Like previously, I doubt any announcement will be made on Wednesday (or indeed until nearer the rise date) & we'll be left guessing.
Well, here has been a quote from a DfT» spokeswoman - from the BBC» : A Department for Transport spokeswoman said: "The government is taking decisive action to reduce the impact inflation will have on rail fares during the cost of living crisis and will not be increasing fares as much as the July RPI▸ figure.
"We are also again delaying the increase to March 2023, temporarily freezing fares for passengers to travel at a lower price for the entirety of January and February as we continue to take steps to help struggling households." |
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ChrisB
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« Reply #7 on: August 14, 2022, 07:21:50 pm » |
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The rate in March 2023 or now? hmmm.
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stuving
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« Reply #8 on: August 14, 2022, 07:30:25 pm » |
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The rate in March 2023 or now? hmmm.
But that does not link the March 2023 increase to any rate! That's the point - it decouples the rise from the July RPI▸ to be announced next week, and says it will be next March. What it doesn't say is when that rise will be announced - and of course what the increase will be. (Last time the announcement came in December.) |
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ChrisB
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« Reply #9 on: August 14, 2022, 08:18:41 pm » |
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What I meant was is the rise % going to be less than RPI▸ in July or less than RPI in the month that it will be announced? They didn’t say….and those figures might be very different! ie more than July but less than when announced.
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CyclingSid
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« Reply #10 on: August 17, 2022, 07:14:27 am » |
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ChrisB
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« Reply #11 on: August 17, 2022, 09:52:54 am » |
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And RPI▸ % is 12.3% for July
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Electric train
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« Reply #12 on: August 19, 2022, 07:02:35 am » |
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Politically the 'zombie' government will have to act for a number of reasons, -
It would not look good to say to the electorate 'there is nothing we can do about the Global situation driving up costs'
It would play straight into the Rail Union's hands that rail fares increase by 10 or 12% but our members only get 4%
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Neither a wise man nor a brave man lies down on the tracks of history to wait for the train of the future to run over him.
Dwight D. Eisenhower
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ChrisB
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« Reply #13 on: August 19, 2022, 08:08:59 am » |
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Rail fares these days make up a lot less of running costs these days, I’m not sure that would be a valid argument any longer. It would have done pre-pandemic of course
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