The Government gave the rail industry subsidies of ?5.1 billion in the 2012-13 financial year, according to new figures released by the Office of Rail Regulation. The figure, which includes grants paid to Network Rail and train operating companies, passenger transport executive (PTE) special grants and spending on major projects, is ?524 million greater than in 2011-12.
During the year, the Government received ?420 million in payments from rail franchises.
The subsidy figure (historic figures shown in the chart below) reached a peak in 2006-7 at ?6.3 billion. The 2012-13 figure includes ?1.2 billion of capital spending on Crossrail.To receive our free weekly round-up of all news stories from our site, click here
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