|
|
Post by charleyfarley on Dec 14, 2011 15:02:37 GMT
1991 Zone 1 tube fare 90p
2012 Zone 1 tube fare £4.30
Seems a little excessive.
|
|
castlebar
Planners use hindsight, not foresight
Posts: 1,316
|
Post by castlebar on Dec 14, 2011 15:20:01 GMT
1991 Train driver's wage = £x
2021 Driverless train operator's salary = £0
Everyone will be back on the platforms dealing with "sensitive edge" issues before pressing a button and dispatching an unstaffed metal tubesnake, stuffed full of Pax down the pipe to the next "platform manager/dispatcher", (salary = the 2021 equivalent of £x). Somebody has to pay for the Olympics.
Boris would bring in driverless buses if he could.
He will have free tickets for the Olympics. You will pay for them. Either via loss of jobs or via fare increases. The increased cost of travel is "a given". How they would have coped with "Fare's Fair", nobody knows.
If only for Borisless Borisbikes.
|
|
|
|
Post by alfie on Dec 14, 2011 16:06:42 GMT
90p in '91? That's an adult fare to! Bejeesus! Unimaginable nowadays. Way to excessive.
|
|
Chris M
Global Moderator
Forum Quizmaster
Always happy to receive quiz ideas and pictures by email or PM
Posts: 19,758
|
Post by Chris M on Dec 14, 2011 16:29:54 GMT
Based on the retail prices index an inflation only increase on the 1991 fare would be £1.51, however the RPI will have been affected by the huge increases in transport costs...
|
|
Oracle
In memoriam
RIP 2012
Writing is such sweet sorrow: like heck it is!
Posts: 3,234
|
Post by Oracle on Dec 14, 2011 16:41:05 GMT
I do these calcualations all the time for lorries for our mag. In 2009 1991's 90 pence was worth:
£1.44 using the retail price index
£1.81 using average earnings
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Dec 14, 2011 19:36:25 GMT
The £4.30 cash fare is in effect a punitive fare to reduce such cash transactions. I think the majority of tube users now use Oyster for single journeys so £2.00 would be the more realistic comparative 2012 fare against the 90p 1991 fare. Using RPI from the Office of National Statistics the 1991 fare of 90p is £1.65. Workings: [90p * (index today) / (index Jan 1991)] = 0.9*238.5/130.2 RPI Source : table 20 in the "CPI and RPI Tables 1 - 4" www.ons.gov.uk/ons/taxonomy/index.html?nscl=Retail+Prices+Index)Still 35p more that RPI would suggest it should be, but given the decades of under investment in the Tube up to 1991 and the significant investments made (new lines and new/ refurbished trains & stations) over the past 20 years I don't think its really outrageously excessive. |
|
|
|
Post by trt on Dec 15, 2011 11:57:44 GMT
Compare it to the price of a beer!
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Dec 15, 2011 15:38:00 GMT
BTW the headline to this thread is mathematically wrong . 90p to £4.30 is not a 475% rise as that would mean the price has increased by 475% = 90p*4.75 = £4.275 increase, which means today's price would be £5.175.
Its actually a 378% increase.
Workings: %increase = 100* (price now- price at start) / price at start
= 100*(4.30 - 0.9) / 0.9
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Dec 15, 2011 15:45:55 GMT
Compared to petrol the increase
1991: 39.5p a litre / £1.796 a gallon
today £1.31 a litre / £5.956 a gallon a 232% increase
If it had gone up in line with RPI it would be 72p a litre or £3.29 a gallon today
The zone 1 fare increase from 90p (cash) to £2 (oyster) is only a 122% increase so compared to motorists a zone 1 single tube traveller has fared considerably better in relative terms.
|
|
Chris M
Global Moderator
Forum Quizmaster
Always happy to receive quiz ideas and pictures by email or PM
Posts: 19,758
|
Post by Chris M on Dec 16, 2011 10:13:42 GMT
That makes we wonder two things - firstly what proportion of travellers make journeys soley in zone 1, and what is the increase for multi-zone tickets?
|
|
|
|
Post by chrisvandenkieboom on Dec 16, 2011 21:15:40 GMT
Tourists, people who both live and work in zone 1. First; a lot. Second; I doubt.
|
|
