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.

Read the full report.

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

Experian / Oxford Economics Main Street Report

Experian/Oxford Economics’ Main Street Report brings deep insight into the overall financial well-being of the small-business landscape, as well as provides commentary on what specific trends mean for credit grantors and the small-business community.

Find Out More

Post

The Economics of Reduced-Risk Products: Global policy landscape and principles for policy treatment

In this study, Oxford Economics assesses the policy landscape for ‘Reduced-Risk Products’ in the tobacco market, and explores the potential health and economics consequences of taking a precautionary policy stance against them.

Find Out More

Post

The Economic Impact of China PNTR Repeal

This study provides rigorous analysis to inform policymakers on the potential impact of an escalation in US-China tariffs. We examine how removing China's Permanent Normalized Trade Relations (PNTR) status would affect the US economy, finding that tariffs would cause substantial output and job losses.

Find Out More