Tuesday 18 November 2008

Boiled Frog

Bowker's Law says there are only two sources of railway funding - from the fare box and the tax payer.

The Public Accounts Committee have kindly provided last year's figures for these.

In 2006/07, passengers paid £5.1 billion into the fare box.

Whilst the Department for Transport gave £3.4 billion to Network Rail and a further £1.7 billion to the Train Operating Companies.

Total amount of our taxes spent on the 'privatised' railways in 2006/07 = £5.1bn

Total amount of our taxes spent on the nationalised railway in 1993/94 = £1.46bn (figure corrected for inflation).