What the Rail Delivery Group and KPMG get ‘up to’
Britain’s rail industry is contributing up to £10.1 billion in added value to the national economy every year, a report by economists Oxera for the Rail Delivery Group ‘revealed’ (21 Sep 2015).
[…] At the same time rail boosts economic productivity by up to £11.3 billion through reduced road congestion and enabling companies to be clustered together. According to research by economists Oxera for the Rail Delivery Group which represents train operators and Network Rail, rail and its supply chain also supports 216,000 jobs. The sector also pays up to £4 billion in tax to the public purse.
But according to KPMG 2013’s (widely derided) report for HS2 Ltd, the 560 km of new high speed line could deliver annual an £15 billion boost to the economy — more than what RDG claims as the benefit from the entire existing rail system. (The existing rail network carries 18 times as many passengers as HS2 is forecast to carry.)
Did someone say “Made-up numbers”?