Tag Archives: Leeds

Trains and Cost – Part 3: Public Investment v Wasteful Subsidy

In 2011 passengers contributed about £6.5bn and taxpayers £4bn a year to the running of the railways (ref). Now I will be the first to admit I don’t like how the Rail Network is set up at current [1, and 2]. However Let us quickly compare the cost and subsidy with the UK road network: Externalities: £48.7 [...]