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Rishi, you were here: Boris Johnson’s woes

The Intelligence from The Economist

Is There a Risk of Government Bail Outs of Public Transport Networks?

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Transport operators just have a huge problem now, because their costs are or less fixed. Their revenues, which in london, come mostly from riders, not from the state, have collapsed. And so they are having to be bailed out by central government. That is simply not going to go on for ever. They may have to run many fewer services along these lines, or we're going to have to accept much higher fars. All of these things are going to be very, very unpopular, youll think very much.

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