£417 million spent subsidising private train companies last year

View original £417 million spent subsidising private train companies last year

The Times has reported that £417 million of taxpayer funds was spent subsidising private rail operators last year. This is the first time since 2008-09 that the Government has had to prop up the railways, which had paid more in tax than they received for the last ten years. Northern Rail received the largest net subsidy per passenger. Shadow Transport Secretary, Andy McDonald said: “The news that the government is pouring yet more money into the pockets of private train operators will come as a kick in the teeth to passengers who have seen fares soar above wages and suffered poor services since the Conservatives took office. Labour will end the Tories’ great train robbery by bringing the railway into public ownership.”

Submit your news story

If you have a news story for the Hub, please submit it using this form.

Latest News

Read all news

The Transport Knowledge Hub comes at a vital time for our transport networks. As our population continues to grow and our roads become more congested, public transport has an increasingly important role to play in keeping our country moving. Investment in local transport infrastructure, such as rail networks and bus services, can have a huge impact on development and economic growth in local areas, so I’m delighted that the Hub will provide the guidance and expertise local decision makers need to make effective investments.

Sir Peter Hendy, Chairman of Network Rail

Upcoming Events


28janAll Day29Transport Ticketing GlobalType of Event:Forum


06febAll DayUK Bus SummitType of Event:Summit

12febAll DayNorth of England Transport SummitType of Event:Summit

View all events