Ungated Post | 26 Feb 2018
The economic impact of UK rail 2018
This major Oxford Economics study for the Railway Industry Association investigates the support provided to UK GDP, jobs, and taxes by the country’s rail-related industries. The industries covered include the railway network itself, the whole of the UK-based supply chain for that railway system and for railway systems overseas, retailers and caterers operating at railway stations, and the supply chain for those retail outlets. Activity ‘induced’ by the wage-funded spending of staff working in these industries is also included. Taking all of these activites together, some £36 billion of GDP was supported in 2016 – equivalent to 2.3 percent of the UK economy. This was sufficient to support almost 600,000 jobs – 1.7 perecent of national employment – and to generate £11 billion in tax revenues. The figures include the impact of railway construction activity as well as ‘day-to-day’ supplies of goods and services, and take in London Underground and other local networks in addition to the ‘mainline’ system.
Oxford Economics’ team is expert at applying advanced economic tools that provide valuable insights into today’s most pressing business, financial, and policy issues.
To find out more about our capabilities, contact:
Americas
Diantha Redd
+1 (646) 503 3052
Email
Asia Pacific
Peter Suomi
+65 6850 0110
Email
EMEA
Aoife Pearson
+44 (0)203 910 8054
Email
Related Services
Post
Unlocking Economic Growth in Regional Australia Through Digital Delivery
Oxford Economics Australia delivered an independent economic impact assessment for Uber Eats, quantifying additional revenue for restaurants, GDP contribution, and consumer wellbeing benefits across 67 new regional markets.
Find Out More
Post
The impact on developing economies of WTO dissolution
This report revisits the analysis presented in our April 2024 paper on the potential impact of WTO dissolution, drilling down to quantify national-level impacts for a sample of ten developing economies.
Find Out More
Post
Demonstrating Babcock’s Value to Australia’s Economy and National Resilience
Oxford Economics Australia provided Babcock with a comprehensive, independent analysis quantifying its total GDP, employment, tax, and socio-economic contributions across Defence and Civil sectors, SME engagement, and state-specific impact modelling.
Find Out More