rail nationalisation

Corbyn’s rail nationalisation WON’T bring down fares ADMITS top Shadow Cabinet minister

rail nationalisationGETTY

Jeremy Corbyn said the policy would save commuters £200 every year

Andy McDonald, Shadow Transport Secretary, said that the Labour leader’s plan would not “freeze or reduce fares”.

Instead, he said that nationalised rail fares would rise in line with the Retail Price Index, rather than the more expensive inflation rate.

Speaking to Sky News, the MP for Middlesborough said: “It’s not about freezing or reducing fares.

“But substituting the Retail Price Index every year with the lower rate of inflation.”

The MP said a Labour government would “substitute” the inflation price increase with hikes that fall in line with the Consumer Price Index.

That measure currently sits at 2.3 per cent.

He said the change will “bring about very significant savings for people.”

Mr McDonald predicted the changes will make rail travel more affordable for the average commuter.

He continued: “As wages rise, people would find them much more affordable and much more within their reach than now.”

Last week, McDonald was left stumped by BBC journalist Emily Maitlis, when he confronted his accusation that Britain has the highest rail fares in the UK.

Ms Maitlis asked the MP why hard-working commuters would want “huge industrialisation, €60billion (£52billion) debt and fares the same as here”, if they took a nationalisation system similar to that in France.

The Labour MP tried to counter Ms Maitlis and said that the UK has “the most expensive railway system in the world”.

However, Ms Maitlis told the Shadow Transport Secretary that long-distance fares in France are actually just as high as in the UK, but are tangled by more frequent strikes.

She said: “London to Glasgow or Paris to Marseilles works out at exactly the same price – under a state owned system which is just as expensive for passengers which is absolutely embroiled in industrial action and huge debt – why would you want to copy that model?”

Mr Mcdonald stumbled before admitting: “We don’t want to have industrial action”.

Jeremy Corbyn has previously said these changes in fares could save the average commuter £200 each year.

However, the inflation connection only applies to regulated fares, which make up less than half of rail tickets in the UK.

Andy mcdonaldGETTY

Around 45 per cent of rail fares are regulated, these include season tickets on most commuter lines around the country.

In January 2018, fares rose by an average of 3.4 per cent around the UK.

The rise was calculated using the Retail Price Index that was announced in July 2017.

Every day, almost 5 million journeys are made on the country’s railways.

Posted on; Express.co.uk>>

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