Overview of costs in the English rail system
Public Accounts Committee
Closed
Inquiry
The rail franchise model has high fixed costs and low profit margins. The Department for Transport’s (DfT) net income from letting franchises fell significantly from 2016-17, becoming a net government subsidy in 2019-20. As passenger numbers dropped in the COVID-19 pandemic, rail industry income fell dramatically. It is unclear how …
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7
Recommendations
19
Conclusions
1
Report
1
Oral session
1
Event
Activity timeline 3 events
28 Oct
2021
2021
7 Jul
2021
2021
Report published
13 May
2021
2021
Oral evidence
Oral evidence sessions 1 session
13 May 2021
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Overview of costs in the English rail system
Andrew Haines · Network Rail
Bernadette Kelly CB · Department for Transport
Conrad Bailey · Department for Transport
John Larkinson · Office of Rail and Road
Reports 1 report · click to expand
| Title | HC No. | Published | Items | Response |
|---|---|---|---|---|
| Tenth Report - Overview of the English rail system | HC 170 | 7 Jul 2021 | 26 | Responded |
Recommendations & Conclusions
1 result
12
Conclusion
Accepted in Part
Tenth Report - Overview of the Eng…
Since privatisation in the 1990s, cash flows in the rail system have become increasingly complex.
Since privatisation in the 1990s, cash flows in the rail system have become increasingly complex. Although the rail system is privatised, government still provides significant funding for infrastructure operations, maintenance and renewals, and ongoing subsidy for passenger service operations. The …
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Government Response
The government acknowledges the need for greater financial transparency, is already publishing some operational support data, and has begun work to develop ‘whole-system’ financial reporting, but will only consider options for publishing this material once complete due to commercial and regulatory constraints.
HM Treasury
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