The Times has investigated train fares and found that millions of passengers have been paying more for a whole journey than they would for its constituent parts. The findings come as rail company bosses set up meetings with the Department for Transport to seek approval for a new airline-style booking system. ‘Any measures to address the problem of complexity is good news,’ said Stephen Joseph of the Campaign for Better Transport. However Mark Smith, founder of seat61.com, has warned that fares will not necessarily decrease. ‘Simplification is not a panacea,’ he cautioned.
More travel news and British Airways owner IAG has cut its profit forecast and targets, blaming Brexit and its attendant economic uncertainty. The Independent says that capacity and spending are both under review as the profit outlook plummets from an expected 70 pc into low double digits. Shares of IAG fell 2.8 pc – since 23 June the stock has lost around a third of its value.
Only yesterday the French company EDF energy gave the green light to a new nuclear power station at Hinkley Point in Somerset.
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