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Business: Issue Issue 28 5 Apr 2012

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Costs, Funding, Government, Rail, DfT/SRA, All of UK

Command Paper sets out plans for up to £3.5bn annual savings

The Department for Transport’s  Command Paper aims to take forward proposals set out by last year’s McNulty review of the rail industry. It outlines plans for the industry to work collaboratively to deliver £2.5-3.5bn of annual savings by 2019. Savings would be used to end the current policy of above inflation fare rises, invest in rolling stock and infrastructure, and reduce the industry’s reliance on public subsidy. Alongside the Command Paper, the DfT has...

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