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Rail commuters face 20% rise in ticket prices as cap is axed - Evening Standard
"Roy Badami" wrote in message
In article , Clive D. W. Feather wrote: Um, won't that breach the present franchise agreements? Presumably the gov't will negotiate (or legislate) a variation in the franchise agreements that will balance lower subsidies/higher premiums with an increase in the fares basket cap, such that the overall package is revenue-neutral on the TOCs. Why would this be necessary? By allowing higher fare increases, the government would have to provide less subsidy under cap and collar arrangements. As many TOCs are currently getting collar support, this would automatically fall if TOC revenues rise by more than the rate of inflation. |
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