The rail industry faces ‘a long-term financial crisis’, warns IEA researcher
Christopher Snowdon writes for the New Statesman
IEA research referenced in City AM
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”
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