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State spending on rail falls as TOC premiums rise

RAIL

John W E Helm
14 October 2016
 

Government support for the rail industry continues to decline, albeit slowly. Latest figures from the Office of Rail and Road (ORR) show that total state expenditure in 2015/16 fell to £4,771bn (2014/15: £4.846bn). It has now fallen for three consecutive years.

Government expenditure peaked in 2006/07 at £6.308bn (£7.327bn in real terms), but the current total is still higher than it was in 2010/11 when it stood at £4.226bn.

The £4.771bn (£4,771m)...

+66% more

 

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