Former Transport Minister Norman Baker examines the future for the UK’s transport sector following Brexit.
“If you want a new initiative on transport, forget it,” he writes, predicting that the Government will instead be spending the next few months on the “need to “cobble together a negotiating position with the EU”, and the need to firefight the economy.
He warns that expensive rail projects planned for the next ten years risk being deferred or even cancelled, and predicts trouble ahead for the franchising regime - less disposable income will lead to less money being spent on travel and scarce government money being diverted away from growing the economy.
“What this raises is the prospect of more franchises failing financially, even handing back the keys to the Department for Transport,” he writes.
- We've read it in: Passenger Transport, July 8 2016, Issue 138, p24
