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Lead Story: Issue 565 25 Feb 2011

Go Ahead expects minimal cut to concessionary revenue

Go Ahead Group has claimed that it will suffer virtually no decrease in concessionary fare payments from councils in the coming year because local authorities are not seeking to reduce reimbursement rates to compensate for central government funding cuts.

Last year, the group predicted that it would have to raise fares and cut services in the expectation that its £60m/year concessionary fares reimbursement would fall significantly. However, at the presentation of the group’s interim...

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