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Train Fleet (2019) Limited was established in August 2019 to take ownership of 40 Class 365 units from Eversholt Rail Group.This arose from a complex financial arrangement, struck during the privatisation of British Rail by the British Railways Board when the trains were financed by financial institutions, that gave Eversholt the option to pass on their lease liabilities back to the government.
A railway warrant is a voucher issued for travel on railways for certain groups such as government employees, company employees, military personnel and retirees at subsidized rates or free of charge, exchangeable for a ticket to travel. [1] The cost of the ticket is charged to the warrant issuer's account.
Certain fares (about 40%) are regulated by the government. This includes Season tickets on most commuter journeys, some Off-Peak return tickets on long distance journeys and Anytime tickets around major cities. The government uses July's Retail Prices Index (RPI) measure of inflation to determine the increase in the price of these fares. [3]
Since privatisation in the mid-1990s there have been nine occasions when an operator of last resort has been appointed. As of December 2024, the government has announced plans to hand over three more services to the operator of resort in 2025, [4] with an expectation that the hand over of all train operating companies' services, excluding open access operators, will be completed by October 2027.
In late January, the Transport Salaried Staffs' Association (TSSA) threatened CrossCountry with industrial action after staff were offered only a 1% pay rise, compared to a 3.3% pay rise offered at other Arriva-owned train operating companies. Industrial action was planned for 26 January, but it was later called off as CrossCountry matched ...
The 2022–2024 United Kingdom railway strikes were an industrial dispute between rail workers and companies, with the latter supported by the UK government. The rail workers are represented by several unions including the National Union of Rail, Maritime and Transport Workers (RMT) and the Associated Society of Locomotive Engineers and Firemen (ASLEF).
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He has accused the UK government of a "managed decline" of Welsh rail, which the UK government denies. Waters accused Network Rail's running period of 2024-2029 which shows infrastructure failures and deteriorating assets which he says will cause speed restrictions, worsened reliability, and further service failures. A spokesperson of the UK ...