Grimsby town
Member
- Joined
- 4 Apr 2011
- Messages
- 399
Yes, Welcome Freddy, sadly you have be prepared to be trolled if you make anti HS2 statements or are vaguely critical. But thanks jfowkes for posting the potential passenger/capacity numbers. It really is staggering isn`t it 17,600 seats per hour in each direction! They don`t even fill the current trains! Only time will tell regarding % of seats filled on these trains. But you can bet they will not be cheap because the govt will want a return on the 100 or 110 or 120 billions of £££s it is going to spend. I simply cannot see how the govt can fund an HS2 organisation that has been shown and will be shown not to capable of controlling costs. Taxpayers money.
I doubt the government will want a return on money spent. HS2 should roughly pay for itself through improved tax revenues, increased productivity and economic growth. Debt is recorded in terms of GDP so if HS2 improves growth then debt will be paid off this way.
As far the price of a ticket, it is likely that prices will be similar to now as others have said. A lot of rail operators revenue maximise currently. This means that people who's demand is elastic get lower prices than passengers with inelastic demand. Elastic demand means that a small change in price is likely to reduce the likelyhood of travelling a significant amount. Examples include leisure and people who have easy access to other modes. Inelastic demand means that the travellers can't avoid travelling by train. This mainly business travellers travelling from city centre to city centre at short notice.
This pricing system is unlikely to change so prices will be similar but the significant increase in capacity is likely to mean that there are more cheap advanced tickets available and for longer periods e.g. up to a couple of days before. Flexible and on the day travel is likely to remain expensive as it makes sense to use the inelastic demand to subsidise the cheaper fares / make money.