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
Impacts of the proposed Los Angeles fast food ordinance
Save Local Restaurants commissioned Oxford Economics to calculate high-level cost estimates relating to a proposed city ordinance that would impose new requirements on quick-service restaurant operators in Los Angeles.
Find Out More
Post
Catalyzing Africa’s Sustainable Transition: Insights to Impact a Climate-Resilient Future
Sustainable finance is not merely a climate imperative but a development necessity. As climate risks intensify, Africa must urgently mobilise capital to advance its adaptation, mitigation, and development goals. Realising this ambition will require coordinated action across governments, financial institutions, international partners, multilateral agencies, and the private sector. With bold leadership, innovative tools, and supportive ecosystems, the continent can chart a path toward a more inclusive, resilient, and sustainable global economy.
Find Out More
Post
Global P&C Insurance Outlook to 2050
Capgemini leveraged custom macro and insurance market forecasts from Oxford Economics for their latest P&C insurance flagship report.
Find Out More