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TfL rolling stock crisis
wrote:
In article , (Recliner) wrote: On Mon, 08 Jan 2018 07:33:05 -0600, wrote: In article , (Recliner) wrote: On Mon, 8 Jan 2018 12:09:56 +0000, Roland Perry wrote: In message -s eptember.org, at 11:17:32 on Mon, 8 Jan 2018, Recliner remarked: How do you know what the cost of political upheaval after raising taxes is likely to be? But they wouldn't raise taxes. They'd just borrow the money more cheaply, thus ultimately reducing future taxes. What makes you think they have the power to borrow the money required? Are you joking? Of course the Treasury can borrow more. It does so all the time. But the Treasury has to give TfL permission to borrow through them. And they aren't. I agree, but as I'm saying that's increasing the costs. Or TfL could be allowed to issue its own bonds, which wouldn't be quite as cheap as doing it through the Treasury, but would be a fraction of the cost of a sale and leaseback of an old Tube fleet. The Government don't care. They want to punish Labour for the fares freeze. Yes, that's a very good point. |
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TfL rolling stock crisis
wrote in message ... In article , (Recliner) wrote: On Mon, 08 Jan 2018 07:33:05 -0600, wrote: In article , (Recliner) wrote: On Mon, 8 Jan 2018 12:09:56 +0000, Roland Perry wrote: In message -s eptember.org, at 11:17:32 on Mon, 8 Jan 2018, Recliner remarked: How do you know what the cost of political upheaval after raising taxes is likely to be? But they wouldn't raise taxes. They'd just borrow the money more cheaply, thus ultimately reducing future taxes. What makes you think they have the power to borrow the money required? Are you joking? Of course the Treasury can borrow more. It does so all the time. But the Treasury has to give TfL permission to borrow through them. And they aren't. I agree, but as I'm saying that's increasing the costs. Or TfL could be allowed to issue its own bonds, which wouldn't be quite as cheap as doing it through the Treasury, but would be a fraction of the cost of a sale and leaseback of an old Tube fleet. The Government don't care. They want to punish Labour for the fares freeze. Hm I wonder what their plan is to win back the mayoralty in 2020 - only a 50% fare increase? tim |
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TfL rolling stock crisis
On Monday, 8 January 2018 18:45:13 UTC, tim... wrote:
Hm I wonder what their plan is to win back the mayoralty in 2020 - only a 50% fare increase? tim Obviously no one knows what the politicians are planning post 2020 but TfL are assuming fares will rise by RPI after the fares freeze. I got this from them when I recently FOI-ed a load of extra data from the new Business Plan. -- Paul C via Google |
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TfL rolling stock crisis
On Tue, 9 Jan 2018 04:40:49 -0800 (PST), Paul Corfield
wrote: On Monday, 8 January 2018 18:45:13 UTC, tim... wrote: Hm I wonder what their plan is to win back the mayoralty in 2020 - only a 50% fare increase? tim Obviously no one knows what the politicians are planning post 2020 but TfL are assuming fares will rise by RPI after the fares freeze. I got this from them when I recently FOI-ed a load of extra data from the new Business Plan. I suppose TfL has to assume that business reverts to normal at the end of any particular political pledge. Of course, by then, rail fares probably won't be linked to RPI anyway, but TfL can't assume any change in national fare strategy. |
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