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CMA backs travel cards for further government exemption

Thu, 10th Dec 2015 11:15

(ShareCast News) - UK competition regulators have recommended extending the exemption of multi-operator travelcard ticketing schemes from competition law.Although the Competition and Markets Authority was concerned that agreements between transport operators can sometimes raise competition concerns, a consultation by the CMA found that if travellers are allowed to use integrated ticketing schemes such as through tickets or travelcards with different operators, they provide real benefits for passengers.The CMA therefore recommended the Secretary of State for Business, Innovation and Skills renews the existing block exemption, which is due to expire on 29 February 2016, for an additional period of 10 years.The Secretary of State will now consider the CMA's recommendations, with any amendment order needed to have effect from the beginning of March 2016 at the latest."Passengers receive substantial benefits from multi-operator ticketing schemes and that is why we are recommending the block exemption is retained," said Roland Green, CMA senior policy director."We also want travellers to benefit from opportunities offered by smart ticketing, for example by enabling price-capped, pay-as-you-go tickets to be usable across different operators."We also think that extending the exemption to a 10-year period will be welcomed by the industry as it will provide greater legal certainty for their operations."The added clarity should make the block exemption easier to use, particularly for bus operators and local authorities, and we hope that this will encourage the development of multi-operator ticketing schemes."
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3 Apr 2020 08:04

FirstGroup and Go-Ahead shares rise on DfT support for bus services

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3 Apr 2020 07:40

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30 Mar 2020 10:58

Go-Ahead's Govia Signs Direct Award For Operation Of Southeastern Rail

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30 Mar 2020 07:56

Go-Ahead directly awarded Southeastern rail franchise

(Sharecast News) - Train operator Go-Ahead Group said it had been directly awarded a contract to run the UK's Southeastern franchise until October 2021.

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23 Mar 2020 12:03

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23 Mar 2020 11:31

UK Rail Franchise Agreements To Be Suspended Due To Coronavirus

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23 Mar 2020 11:27

UK WINNERS & LOSERS SUMMARY: Shell Rises After Protecting Dividend

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23 Mar 2020 10:48

Go-Ahead Postpones Dividend Payment As Covid-19 Hurts Travel Demand

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23 Mar 2020 08:53

Covid-19: UK govt suspends rail franchises to stop firms collapsing

(Sharecast News) - The UK government effectively renationalised the railways on a temporary basis as it suspended all franchise agreements to help train companies avoid collapse due to the coronavirus pandemic.

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23 Mar 2020 07:57

UPDATE 1-Britain brings in emergency measures to prop up rail network

(Adds detail, background)LONDON, March 23 (Reuters) - Britain said on Monday it was taking emergency measures to help its rail network survive a 70% drop in passenger numbers as coronavirus stops many people from travelling.The Department for Tran...

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23 Mar 2020 07:55

Go Ahead suspends divi; says govt to reveal train franchise changes

(Sharecast News) - Rail and bus operator Go-Ahead Group said the UK's Department for Transport would on Monday announce temporary changes to rail franchise agreements across the UK to support the sector during the coronaviruis crisis and added that it would be suspending its dividend.

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23 Mar 2020 07:48

LONDON MARKET PRE-OPEN: Dividend, Share Buybacks And Spending On Hold

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23 Mar 2020 07:22

Britain brings in emergency measures to prop up rail network

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20 Mar 2020 07:48

Britain's rail network cuts services, Heathrow shrinks

LONDON, March 20 (Reuters) - Britain's rail network will operate half its normal service during the coronavirus crisis, the government and rail industry body said on Friday, and Heathrow Airport's operations will shrink as more of the country goe...

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