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
The Economic Footprint of JLR in the UK
This report examines the economic footprint of JLR in the United Kingdom in 2024. The analysis is conducted both at the national level, as well as on the West Midlands and North West regions, where JLR’s main facilities are located.
Find Out More
Post
Airbnb’s Economic Contribution to APAC in 2024: GDP, Jobs, and Regional Impact
Airbnb's platform connects hosts across Asia Pacific (APAC) with travellers from around the world. Oxford Economics was commissioned by Airbnb to quantify its economic footprint in 10 APAC markets in 2024.
Find Out More
Post
Economic Insights: Airbnb’s Contribution Through the Lens of Oxford Economics
Oxford Economics Australia delivered a tailored economic impact assessment for Airbnb, including GDP contribution modelling, job creation analytics, guest‑spend segmentation, and regional tourism dispersion insights to underpin Airbnb’s stakeholder communications and strategic growth initiatives.
Find Out More