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Commenting on today’s government report, Reforming Our Railways: Putting The Customer First

Commenting on today’s government report, “Reforming Our Railways: Putting The Customer First”, Baroness Jo Valentine, chief executive of London First said:

“Renewed focus on the rail network will be welcomed by users of London’s excessively overcrowded trains, who cannot be expected to continue paying high annual fare rises without seeing the rail industry reduce its own costs.

“Continuing public subsidy is essential but in a world of constrained finances government should prioritise those rail services that support economic growth.”

Last month, London First issued its report examining London’s transport links, “London, Britain and The World”, which noted that fourteen times more people enter central London by rail in the rush hour than do in England’s next largest city – and half of them do so in conditions classed as overcrowded. The report also noted that while services in London and the South-east generate around half of all fare revenue, they receive the lowest levels of subsidy in the country.

For more information please contact: Rob McIvor on 020 7665 1505

Notes to editors:

1. London First is a business membership group whose aim is to improve and promote London with the objective of ensuring that London maintains and enhances its position as a leading world city. London First mobilises the experience, expertise and enthusiasm of the private sector to develop practical solutions to the challenges facing London and lobbies central and London government for the investment that London needs in its infrastructure.

2. London First delivers its activities with the support of 250 of the capital’s major businesses in key sectors such as finance, professional services, property, ICT, creative industries, hospitality and retail. Membership also includes London’s higher education institutions as well as further education colleges. London First members represent a quarter of London’s GDP.”

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