"£30m sits unused on London Oyster travel cards"
On 28 May, 15:12, Mizter T wrote:
On May 28, 12:33*pm, MIG wrote:
On 28 May, 11:15, Mizter T wrote:
http://news.bbc.co.uk/1/hi/business/10162991.stm
Average of £1.80 sits on each idle card.
That's the whole point, isn't it?
But the figure for the nominal value of remaining periods on seasons
would no doubt be a lot more.
Sorry, my summary should have been clearer - the crucial word above is
"idle" - as Recliner states, these are cards that haven't been used
for a year, specifically for the financial year April 2009 to April
2010.
OK thanks both for clarification.
I spose it's a bit like the situation with BT phonecards (although not
quite as bad) where cards were lost etc, therefore bringing in quite a
lot extra for BT.
Phonecards were worse because they actually cost more than cash: you
couldn't get them out before they chonked off another unit, even if
you were about to hang up.
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