Self mutilation

Telegrammed by our International Correspondent
Brian Souter has told London's leading evening newspaper that leisure travel is down due to the credit crisis.


But what's this?

No mention that leisure fares have been all but been abolished by greedy SWT.

Perhaps the perfectly formed, carrier-bag wielding, Clause 28 fan is hoping the Treasury will bail out his franchises on the same, over-generous, terms offered to the bankers?

Half full or...

Retail Price Inflation for July published = 5%

Regulated fares increase in January by RPI+1 = 6%

What impact on demand?

UPDATE: More in today's FT here