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Inflation Could Push Up Rail Season Tickets By 8%

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http://www.guardian.co.uk/business/2011/aug/16/inflation-rail-season-tickets

• Fares allowed to rise by inflation plus 3%

• RPI expected to touch 5% for July

• Bank of England governor to write to chancellor

Hard-hit rail commuters face more misery as inflation figures on Tuesday reveal how much more they will have to pay for their season tickets in the new year.

The July retail prices index rate is used to determine the following January's annual rise for regulated rail fares, which include season and saver tickets.

The formula used to calculate the new fares is RPI plus 3%. The rate is expected to come in at 5%, meaning fares will increase by 8%.

What's the reasoning to allow fares to increase 3% over RPI? Apart from generating bigger profits?

Still it can only help the recovery.

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Well at least it will help house prices as people will be prepared to pay an even bigger premium to live closer to work!

Hooray for HPI!

Yep, by working from home...or not bothering to work at all. ;)

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Luvvy jubbly... Another shove towards the lions mouth... Wonder how many people this will push through the break-even threshold of work actually providing enough money to pay the bills, eat and keep a roof over ones head.

Still not to worry, the recovery is locked in, just like a nutter in an asylum...

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Luvvy jubbly... Another shove towards the lions mouth... Wonder how many people this will push through the break-even threshold of work actually providing enough money to pay the bills, eat and keep a roof over ones head.

Still not to worry, the recovery is locked in, just like a nutter in an asylum...

Might cause a bit of a housing recovery as they decide to move nearer work... :ph34r:

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Luvvy jubbly... Another shove towards the lions mouth... Wonder how many people this will push through the break-even threshold of work actually providing enough money to pay the bills, eat and keep a roof over ones head.

Still not to worry, the recovery is locked in, just like a nutter in an asylum...

Just think....when they get the high speed broadband up and running in rural areas....safe communities, cheap houses, roads with little traffic, better quality of life for those who can appreciate what is good for them..... ;)

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The extra profits are to go to the government to allow them to reduce the burden on the tax payer.

"Edward Welsh, corporate affairs director at the Association of Train Operating Companies (Atoc), said all the extra money raised will go to the government and not train companies."

BBC take on it

"The country simply can't afford fare rises on such a punitive scale. It's time to burst the bubble on inflation-busting fare hikes."

Perhaps if we burst the house price bubble we would not need to travel so far, it's not rocket science.

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What I can't understand is why people who work in offices have to physically travel everyday to them...what can you do there that you can't do at home with a computer and a phone? ;)

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Might cause a bit of a housing recovery as they decide to move nearer work... :ph34r:

How many are trapped in their house though unable to move due to having negative or zero equity?

Anyone with a house who is going to struggle with this rise is most likely already on the breadline and won't be able to do much about it.

Renters are a little more free but if they are living far away from work there is probably a good reason for it, family or financial (housing costs) most likely.

Destination Serfdom...

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Rail fares are a joke. They are possibly the biggest rip off in the UK.

This will just be another nail in the coffin to all those home owners working hard to pay their massive interest only mortgages :lol:

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If the service was worth paying for they could justify it....but increasing fares by 8% for cattle service they are having a laugh surely.

First cattle connect. by courtesy of youtube and it hasn't improved since 2007 imo ;)

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What's the reasoning to allow fares to increase 3% over RPI? Apart from generating bigger profits?

Still it can only help the recovery.

They want commuters to pay for the improvements.

What happens in other EU countries? Are they private or nationalised rail networks?

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What I can't understand is why people who work in offices have to physically travel everyday to them...what can you do there that you can't do at home with a computer and a phone? ;)

Except that when you start thinking like that, employers think.... if people can work from home via telecommuting, then why does this person need to be in the UK?

Redundancy and a small boost tothe Indian/Chinese economy.

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Just think....when they get the high speed broadband up and running in rural areas....safe communities, cheap houses, roads with little traffic, better quality of life for those who can appreciate what is good for them..... ;)

yeah, we can all earn a living just lying in bed.

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They want commuters to pay for the improvements.

What happens in other EU countries? Are they private or nationalised rail networks?

Dunno about the EU but in Asia rail companies are all private that is 100% private no assistance from the government at all.

The government also has price controls applied to them.

If the company wants to make improvements they'll increase fares and specifically say what the increase is for. If they want to build a massive massive new line extension they will open up a development company and sell shares to the general public to raise money.

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Except that when you start thinking like that, employers think.... if people can work from home via telecommuting, then why does this person need to be in the UK?

Redundancy and a small boost tothe Indian/Chinese economy.

I know where you are coming from....but working from home in this country and working from home from another country do have similarities but are not the same.....for example knowing your business, knowing your area, knowing your customers....being not far away to make contact when you have to once or twice a week instead of five or six times a week....being close by but not that far away so to speak. ;)

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If the service was worth paying for they could justify it....but increasing fares by 8% for cattle service they are having a laugh surely.

First cattle connect. by courtesy of youtube and it hasn't improved since 2007 imo ;)

The last thing that actually seemed to improve trains was the 125, and that's going back some way now. Everything else seems to be hiking fares and subsidies and getting nothing much back - oh, sorry, I forgot, the stations aren't usually as tatty now, and we do have lots of new trains - pity they're almost all worse than what they replaced (the non-commuter ones certainly are anyway). And some of them are faster, which doesn't make up for the higher prices and lesser comfort. Just about every bloody change made to the railways has increased costs and made them worse. You couldn't make it up. Stop costing a fortune to provide a half-arsed attempt at a modern railway when an old-fashioned one would be a big improvement.

Still, times are tough. Of course it's not reducting any burden on the taxpayer but it does help the government to direct that tax where it's really needed - keeping the banksters happy.

They want commuters to pay for the improvements.

Improvments? Hah!

Edited by Riedquat

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I know where you are coming from....but working from home in this country and working from home from another country do have similarities but are not the same.....for example knowing your business, knowing your area, knowing your customers....being not far away to make contact when you have to once or twice a week instead of five or six times a week....being close by but not that far away so to speak. ;)

I em velly solly misses Winkley, but i em not endastandin yor wordings

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Dunno about the EU but in Asia rail companies are all private that is 100% private no assistance from the government at all.

The government also has price controls applied to them.

If the company wants to make improvements they'll increase fares and specifically say what the increase is for. If they want to build a massive massive new line extension they will open up a development company and sell shares to the general public to raise money.

That sounds very well organised and run, here in old Blighty we have a broken down shower of shite they call a rail service, one that lives like a parasite on the back of the taxpayer. What a country...

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yeah, we can all earn a living just lying in bed.

Sounds good, once Cameron as spread his high speed internet jizz to everyone in the land we can all sit at home clicking on Ads and entering dummy searches into cashbank links via our 3,000 different QuidCo accounts :)

The Martin Lewis recovery, although for that some credit card juggling would be needed :lol:

Edited by MrFlibble

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  • 333 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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