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Great Western Coffee Shop > All across the Great Western territory > Fare's Fair > Five year "freeze" on fares?
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Author Topic: Five year "freeze" on fares?  (Read 3088 times)
grahame
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« on: April 10, 2015, 05:41:02 »
http://www.itv.com/news/2015-04-10/what-to-expect-from-todays-election-campaigning/?

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What to expect from today's election campaigning
A five-year freeze in rail fares, statutory days off for volunteer work, help for young people renting and hundreds of millions pounds more spent on policing are among the policies set to be unveiled by campaigning politicians today.

http://www.express.co.uk/news/uk/569462/David-Cameron-rail-fares-pledge

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David Cameron pledges to keep rail fares low to help hard working Brits

KEY train fares would rise no faster than inflation for five years if the Conservatives are elected on May 7, David Cameron will promise today.

http://www.theguardian.com/uk-news/2015/apr/09/david-cameron-pledges-freeze-regulated-rail-fares-five-years?

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David Cameron pledges to freeze regulated rail fares for five years
Prime minister will announce consumer-friendly move ^ which could save 250,000 season-ticket holders an average of ^400 ^ on Friday

[snip]

In a consumer-friendly announcement designed to boost Tory fortunes amid flagging poll ratings, the prime minister will say on Friday that regulated rail fares would only be able to rise in line with the retail price index (RPI▸ (Revenue Protection Inspector, or Retail Price Index, depending on context))
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TaplowGreen
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« Reply #1 on: April 10, 2015, 08:04:30 »
Devil's in the detail!
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ChrisB
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« Reply #2 on: April 10, 2015, 10:12:36 »
No flex being offered too, so a straight RPI▸ (Revenue Protection Inspector, or Retail Price Index, depending on context)% increase for 5 years on regulated fares.

Now, anyone want to better that & offer CPI▸ (Consumer Prices Index - a measure of inflation) inflation instead?.....
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TaplowGreen
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« Reply #3 on: April 10, 2015, 10:20:01 »
..........how about linking fare rises to Customer Satisfaction figures?  Shocked
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grahame
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« Reply #4 on: April 10, 2015, 10:35:37 »
Quote from: TaplowGreen on April 10, 2015, 10:20:01
..........how about linking fare rises to Customer Satisfaction figures?  Shocked

Hmmm ... scope (I fear) for another army of statistitians like the delay blame attribution gang.  But, yes, there could be an alternative mechanism to the supposed free market of "if you don't like the fare, travel with another operator or use a different type of transport" way - which is what it's based on at present, with heavy layers of regulation on about half of the fares.
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