The Proposed High Speed Rail Network (HS2) and Debt in the United Kingdom

There is currently a high speed rail network (HS2) being proposed in the United Kingdom. The high speed rail network would have the main station in London with other stations in the English Midlands, North West England and West Yorkshire. A Scottish HS2 extension has been proposed as well. The first phase between London and Birmingham has been approved and construction is set to begin in 2017. The biggest question is will the HS2 lead to a prolonged debt? A project of this size is no small undertaking and will cost a lot of money. The original cost of the project was estimated to be £33 billion.
Experts are now warning the cost of the HS2 could easily top £80 billion. The HS2 would reduce travel times between the major cities in the United Kingdom but is the reduced travel time worth the price? Will consumers be willing to pay higher ticket prices to cover the extra costs? Will demand for rail travel increase in order to cover the costs of the HS2? There are many unknown factors at this time. The cost of the HS2 is overwhelming. Travelers seem satisfied with current rail speeds with many business people using the extra travel time as office time. There is little evidence that there would be an increase in demand for the HS2. Additional bus links and railways have to be built in order to connect to the HS2 itself. This way it would be more accessible for everyone to use.
The success hinges on many factors and the outcome seems uncertain. Meanwhile the costs to build such a network gradually increase further and further. Will it be a prolonged debt? It is difficult to say. However, it will lead to increased debt and it is uncertain if the debt taken on will be worth it.

Leeds Councillors Considered Bus Station Loan

In 2012, Leeds councillors considered a loan to help fund a new bus station in the city. This may sound strange to some, but in recent years, local government finance has been at the fore of the government’s austerity measures, and it is unlikely that Leeds City Council could have afforded the new station without some form of finance. There are a limited number of options open to local government to fund new projects, so unsurprisingly they considered borrowing the money.

The majority of money councils receive comes from central government, and although it has been reduced over the last few years, development has to continue for cities like Leeds. Growth depends on having the right appeal to businesses – suitable housing for their employees, leisure facilities and good transport links. Although goods won’t be travelling by bus, employees might and a dilapidated terminus sends out the wrong impression. Businesses want to locate in go ahead, ambitious cities and this means redevelopment of inner cities. Large industrial cities like Leeds have suffered harshly in recent years and need extensive regeneration, like new bus stations.

Council income is often low, and council functions such as social services and education are under increasing strain with an ageing population and increased migration to cities, meaning larger classes and fewer small rural schools. Councils are no longer in a position to build up huge reserves, and are encouraged to use their savings to keep public services going instead. Even if they had big reserves, the amount needed to build a new bus station would be far beyond a council’s reach.

Borrowing the money was one of the limited options open to the Council when it sought to build a new bus station. Sometimes, taking out no credit check loan is the best option to achieve the necessary growth needed. Hardly surprising that Leeds councillors seriously considered it for their new bus station.

Railway Stations In London

If you are finding best train station then you should find out in London which has one of the best transport system in the world and with a huge volume of trains are running for the benefits of customers and most of the train stations are very famous in London city for best services.One of the example like paddington railway station which is also called paddington station this station is serving as a terminus since 1838 and as a underground since 1863.

This station has 14 platform which is also the good number of platforms compared to other stations and the purpose of maximum platform is just to provide the better service to the passengers and reduce the reduce the crowd for the convenient of passengers as they charge to the passengers for the service so they also provide the best service according to the amount which they charge so best railway system is always provide some physical relaxation to the passengers in which lots of facilities including like waiting area,are for children s where they can play multiple game and do lots of other activities and much more thing which you can get at a good station.

Most of the stations are basically face issue of to handle the maximum number of passengers at a one so to resolve this matter they increase the number of platform in stations to reduce the amount of passengers which is beneficial for them and also for the station management. One of the most known station London Victoria which is based on 19 platforms and this station is huge in area wise compared to paddington station both stations are good in service and quality of work and both are consider in best stations in the city.

Also in London city there are so many good station as well and providing best service to their passengers with comfort and safety for the benefits of them.

Taking the Strain out of Catching the Train

Travelling by train is no longer one of the cheapest forms of transport that it once was. Prices for tickets have increased greatly, in some cases doubling, with yearly increases promised as regularly as clockwork. However, travelling by train remains popular since it is still one of the most comfortable forms of public transport and certainly beats driving on overcrowded motorways as it gives you the chance to relax while travelling, but with the current recession in mind and train finances stretched to the limit, many of us are now making journeys only when necessary.

However, there are ways of saving money by travelling during off-peak times, which is before or after rush-hour, since it will be considerably cheaper especially if you split your ticket. For example, you may be travelling with several stops and junctions between your departing and arrival destination. In such cases you could choose a station along your travel route effectively buying 2 tickets to reach your chosen destination instead of one direct ticket. This is known as splitting the ticket and could save you up to £15, but investigation needs to be carried out first before commencing your journey.

Buying an advance ticket is another good saver since you can reserve your ticket up to 36 hours before you travel. However, prices vary depending on the operator so check with the company before you book. Of course, railcards are a great way of saving especially with family railcards which are valid for a year and can save up to 60% in just one journey. If you are travelling in a group then the ‘group saver’ ticket is ideal. Four adults travelling at off-peak times can travel for the price of two effectively saving 50% and the offer is available with all network operators. In 2009 a book of 10 tickets became available to buy known as the ‘Carnet’. This allows you to mix and match off-peak with on-peak tickets, but the dates of travel have to be filled in beforehand. First Capital Connect actually offers a further saving of 10 tickets for the price of nine, proving that if you shop around there are ways of taking the strain out of catching the train.