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Rail subsidies vary in both size and how they are distributed, with some countries funding the infrastructure and others funding trains and their operators, while others have a mixture of both. Subsidies can be used for either investment in upgrades and new lines, or to keep lines running that create economic growth.
Railway electrification in the UK has been a stop-start or boom-bust cycle since electrification began. The initial boom was under the 1955 modernisation plan. There was a flurry of activity in the 1980s and early 1990s but this came to a halt in the run up to privatisation and then continued in the 2000s, and also the Great Recession intervened.
GB rail subsidy 1985–2019 in 2018 prices, showing a short decline after privatisation, followed by a steep rise following the Hatfield crash in 2000 then a further increase to fund Crossrail and HS2 [1] The financing of the rail industry in Great Britain is how rail transport in Great Britain is paid for.
Support for the scheme was vociferous from civic and business leaders, due to the high benefit-to-cost ratio, and from politicians, such as George Osborne; but was also criticised for being incremental and only improving the rail network in Northern England to "where it should have been a decade ago". [11]
Network Rail only informed train operating companies in January 2018 that the electrification scheme would be delayed until November; Northern had planned for the scheme to be complete as scheduled by May 2018 (it had already been postponed from Autumn 2017) and had trained drivers to operate new routes with electric rolling stock.
On 30 September 2015 McLoughlin announced a restart to the scheme. [75] The dates were now later than originally planned, with electrification to Leicester, Derby, Nottingham and Sheffield by 2023. [76] The line from Kettering to Corby was to be doubled, and indeed Network Rail began work in June 2015. [77]
Taxpayer funding for rail operator Transport for Wales (TfW) is increasing by around half as ticket sales decline. Home working means fewer passenger are commuting to work on the trains, leaving a ...
[66] [67] [68] Network Rail said that there would be significant disruption over at least a five year period. [ 69 ] [ 70 ] However, in an order under the Transport and Works Act 1992 (TWAO) published in March 2021, it was said that work on some of the scheme would extend beyond 2029 i.e. into a later Network Rail Control Periods , CP8. [ 71 ]