Action for Rail reckon train rail fares could be 10% cheaper
They think that commuters in the UK would see 10% cheaper rail fares by 2017, provided the trains were run by the public sector. In a study, they found that £1.5bn could be saved if lines were brought under public sector control.
Action for Rail chair and TUC general secretary Frances O'Grady said: "The UK has the most expensive rail fares in all of Europe."
"If services were run by the public sector, it would make a big difference to families and hard-pressed commuters, who have suffered year after year of wage-busting fare increases under privatised rail."
It has been reported that Transpennine, Greater Anglia, West Coast, London Midland, East Midlands, South Eastern, Wales & Borders, Great Western, South Western and Cross Country are set for contract renewals between now and 2020 and that, in shareholder dividends alone, somewhere in the region of £520m could be saved.
O'Grady added: "Money that could be spent on making journeys cheaper is instead being siphoned off into shareholders' pockets and wasted on bidding and other franchising costs."