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De-Railing the Bad Economics of Immoral Train Subsidies

Ryan Bourne Today’s news will be filled with irate rail users, and not (just) because of the usual delays, cancellations, or prospect of strikes on the network. No, today marks the publication of July’s retail price index (RPI) figures. The annual July increase in this benchmark is how government decides to change regulated rail fares from January, including prices for season tickets.
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