Government Cuts Have Little to do With Transport
Government Cuts Have Little to do With Transport

Although a cut in the subsidies had been introduced for the bus operators by 20pc from 2012, there is said to be a growth in the commuting sector.

While Stagecoach shares are said to have risen from 17.6p to 205.1p, the Go-Ahead reportedly rose from 88p to 1,227p and the FirstGroup rose from 24.2p to 401.5p.

For all the new trains of the Rail commuters, a rise in costs has been seen, resulting in an increase in the annual fare from RPI plus 1pc to RPI plus 3%.

As much as £1,000, is likely to get added to the annual season ticket, as a result of this Campaign for Better Transport. This extra revenue which will be generated, will then be passed on to the state by the operators.

Almost £14bn is said to have been spent on rail upgrades, £6bn for London Underground and roughly £10bn on improvements to roads and local transport.

Some firms like the airports operator BAA are said to have made a hundred million investment in the scheme. These firms are likely to see a boost as this £16bn Crossrail project has come up.

“Hard-working commuters face paying over £1,000 more for an annual season ticket by the time of the next election”, said Campaign for Better Transport Chief Executive Stephen Joseph.

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