Deflation news

[AtW]

Rail season tickets burst through the £5,000 a year barrier

Rail passengers across the country – including those using popular Home Counties routes – are facing the highest increases in a generation, at a time when many people's salaries are failing to keep pace with inflation.

The biggest season ticket hikes are being imposed by Southeastern, which carries 120,000 commuters a day into central London from East Sussex and Kent.

Commuters travelling to St Pancras from Hastings, Rye and Tonbridge will have to find £5,192 a year – equivalent to a fifth of the national average salary.

This is the first time that any standard class season tickets in the South East have broken through the £5,000 milestone.

The Government allowed Southeastern to push up fares by an average of 7.8 per cent – three per cent above July’s Retail Price Index. But this masked higher increases approaching 13 per cent on some routes.

More from the source: Rail season tickets burst through the £5,000 a year barrier - Telegraph

---

Yes that scary deflation that Mr King was warning about is going to get us all in 2011

[shaunbhoy]

Yes that scary deflation that Mr King was warning about is going to get us all in 2011

Well as long as you have a (rented) roof over your head, that is all you need.

[AtW]

Well as long as you have a (rented) roof over your head, that is all you need.

My rent is up 66% now...

But at least I am living in a very decent place

[TimberWolf]

AtW, is Russian humour like English humour? I notice your use of sarcasm, and am just wondering like.

[AtW]

AtW, is Russian humour like English humour? I notice your use of sarcasm, and am just wondering like.

At the core it's not far off though on extremes both sides don't make any sense...

[shaunbhoy]

At the core it's not far off though on extremes both sides don't make any sense...

Come back from the extremes then.

HTH

[AtW]

Come back from the extremes then.

A programmer falls into the river and shouts... F1 F1 F1!!!!

[Zippy]

Of course the 'train operating companies' could just take a smaller 'profit' instead. I use the quotes because half their revenue comes from the taxpayer, yet they have shareholders and pay dividends. It's just like the old British Rail but instead of 'profits' being put back into the network, they are handed out to other people.

SNCF (the French publicly-owned operator) has a large shareholding in Southeastern trains. I assume that helps them fund a reasonable and relatively inexpensive service back home?

The piss is being taken and we should all get really angry about it.

[AtW]

The point is WTF it costs so much for train services in this country DESPITE massive taxpayer subsidy? Something is wrong with costs - it's not like they (train companies) make massive profits.

[AtW]

I've seen your post TimberWolf!

You'd better delete it mate before they get your nuts into a nutcracker...