Rail was certainly not something Hammond mentioned much in his budget speech. In the full report I've found the following mentions (the ones in speech marks are direct quotes)
1. Change from RPI to CPI for rail fare increases 'over time' and 'if practicable.' So basically they'll look at it but won't necessarily do it. I seem to recall there was some mention of Grayling wanting rail workers to accept pay rises based on CPI levels first.
2. "Network Rail – Following a competitive bidding process, Network Rail agreed the sale of its commercial property portfolio on 10 September 2018. The sale generates net receipts of £1.27 billion, £170 million above the forecast at Spring Statement."
3 "£291 million from the Housing Infrastructure Fund, funded by the NPIF, to unlock 18,000 new homes in East London through improvements to the Docklands Light Railway"
4 "Northern Powerhouse Rail will transform the economic geography of the North, connecting cities with faster, more frequent services to boost growth and improve the experiences of passengers across the region. The Budget announces up to a further £37 million to support the development of Northern Powerhouse Rail, building on £300 million already committed to ensure HS2 infrastructure can accommodate future potential Northern Powerhouse Rail and Midlands Engine Rail services. The first business case of the scheme is due at the end of the year."
5 "Improvements to enhance the seawall on the Dawlish rail line"
6 "A new East West Rail company has been established to accelerate the delivery of the central railway section between Cambridge and Bedford. The government is providing a further £20 million to develop a strategic outline business case for the railway. This will explore which routes best support the government’s vision to unlock up to 1 million new homes by 2050."
7 "The government confirms its commitment to work with local partners, and to provide new road and rail links to best achieve its vision for the Arc." Not sure exactly what that means.
8 "The government is considering the recommendations of the Independent Affordability Review of Crossrail 2, and will consider the case for the project at the Spending Review."
9 "The Department for Transport and the Welsh Government continue to develop proposals for a number of potential rail schemes within Wales."
10 "A new 26-30 railcard will be introduced by the end of 2018, offering a one-third discount (subject to a minimum £12 fare in the morning peak) to around 4.4 million 26 to 30 year olds in England, Scotland and Wales."
11 "The Budget confirms a more streamlined process for compensating passengers affected by rail delays. A one-click delay repay system will be introduced as a requirement for future rail franchises and will be available to those passengers with advance purchase and season tickets."
Full report: https://assets.publishing.service.g...ment_data/file/752202/Budget_2018_red_web.pdf
1. Change from RPI to CPI for rail fare increases 'over time' and 'if practicable.' So basically they'll look at it but won't necessarily do it. I seem to recall there was some mention of Grayling wanting rail workers to accept pay rises based on CPI levels first.
2. "Network Rail – Following a competitive bidding process, Network Rail agreed the sale of its commercial property portfolio on 10 September 2018. The sale generates net receipts of £1.27 billion, £170 million above the forecast at Spring Statement."
3 "£291 million from the Housing Infrastructure Fund, funded by the NPIF, to unlock 18,000 new homes in East London through improvements to the Docklands Light Railway"
4 "Northern Powerhouse Rail will transform the economic geography of the North, connecting cities with faster, more frequent services to boost growth and improve the experiences of passengers across the region. The Budget announces up to a further £37 million to support the development of Northern Powerhouse Rail, building on £300 million already committed to ensure HS2 infrastructure can accommodate future potential Northern Powerhouse Rail and Midlands Engine Rail services. The first business case of the scheme is due at the end of the year."
5 "Improvements to enhance the seawall on the Dawlish rail line"
6 "A new East West Rail company has been established to accelerate the delivery of the central railway section between Cambridge and Bedford. The government is providing a further £20 million to develop a strategic outline business case for the railway. This will explore which routes best support the government’s vision to unlock up to 1 million new homes by 2050."
7 "The government confirms its commitment to work with local partners, and to provide new road and rail links to best achieve its vision for the Arc." Not sure exactly what that means.
8 "The government is considering the recommendations of the Independent Affordability Review of Crossrail 2, and will consider the case for the project at the Spending Review."
9 "The Department for Transport and the Welsh Government continue to develop proposals for a number of potential rail schemes within Wales."
10 "A new 26-30 railcard will be introduced by the end of 2018, offering a one-third discount (subject to a minimum £12 fare in the morning peak) to around 4.4 million 26 to 30 year olds in England, Scotland and Wales."
11 "The Budget confirms a more streamlined process for compensating passengers affected by rail delays. A one-click delay repay system will be introduced as a requirement for future rail franchises and will be available to those passengers with advance purchase and season tickets."
Full report: https://assets.publishing.service.g...ment_data/file/752202/Budget_2018_red_web.pdf
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Believe me, there was an awful lot of truth laid bare in that series.
