Transport

The rail industry faces ‘a long-term financial crisis’, warns IEA researcher


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Christopher Snowdon writes for the New Statesman

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IEA research referenced in City AM

Richard Wellings, former IEA Deputy Research Director, has conducted research on the impact of vast taxpayer contributions on the UK’s travel sector, particularly air travel.

Richard argued that, due to the impact of the pandemic on travel, subsidies for rail companies and airlines are now “difficult to justify”.

“The case for government spending on long-term infrastructure projects, such as HS2, has weakened further”

“The pandemic has accelerated the shift towards virtual meetings and working from home” 

“This is having a devastating impact on public transport and the rail industry in particular, which now faces a long-term financial crisis” 

Read the full article here.



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