Rail subsidies fall back as revenue increases
The Office of Rail and Road has revealed that railway earnings were up last year, further reducing the level of subsidies paid by government. However, there is still some way to go before the level of government support falls back to the levels achieved before Covid.
Talks to end the dispute between the RMT and CrossCountry have failed, and the union has announced new strike dates. The dispute is mainly over pay, including overtime rates, rest day working and differentials between grades.
Transport secretary Heidi Alexander has confirmed that regulated National Rail fares in England will be frozen in 2026, instead of rising by at least the RPI for July 2025, which was 4.8 per cent. The Scottish Government has already made travel on ScotRail cheaper by abolishing peak fares, and this decision will mean that English rail fares will be cheaper in real terms when inflation is taken into account.
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