IEA: Labour’s rail pledge will “shift burden from richer commuters to poorer taxpayers”
2 December 2019
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Commenting on the Labour Party’s pledge to cut rail fares by a third if elected, Editorial and Research Fellow at the Institute of Economic Affairs Professor Len Shackleton said:
“Labour’s new pledge to cut rail fares by a third as part of their nationalisation scheme would shift the financial burden from richer commuters to poorer taxpayers.
“It would increase overcrowding and also shift government spending from improving local infrastructure to subsidising leisure travellers.
“This is an ill-thought-out proposal which will do nothing to help the effective running of this important industry.”
Notes to editors:
For media enquiries please contact Emily Carver, Media Manager: 07715 942 731
For further IEA commentary on rail, click here.
The mission of the Institute of Economic Affairs is to improve understanding of the fundamental institutions of a free society by analysing and expounding the role of markets in solving economic and social problems.
The IEA is a registered educational charity and independent of all political parties.
“Labour’s new pledge to cut rail fares by a third as part of their nationalisation scheme would shift the financial burden from richer commuters to poorer taxpayers.
“It would increase overcrowding and also shift government spending from improving local infrastructure to subsidising leisure travellers.
“This is an ill-thought-out proposal which will do nothing to help the effective running of this important industry.”
Notes to editors:
For media enquiries please contact Emily Carver, Media Manager: 07715 942 731
For further IEA commentary on rail, click here.
The mission of the Institute of Economic Affairs is to improve understanding of the fundamental institutions of a free society by analysing and expounding the role of markets in solving economic and social problems.
The IEA is a registered educational charity and independent of all political parties.
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