Millions of people across Britain will have access to new train services under rail industry plans. Open access services on seven routes are being developed in a bid to boost connectivity, increase competition and reduce fares, analysis by the PA news agency found.
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00:00 Hello, my name is Greg Wright and I'm the Deputy Business Editor of the Yorkshire Post.
00:07 Here are your business headlines for this morning.
00:10 Millions of people across Britain will have access to new train services under rail industry plans.
00:17 Open access services on seven routes are being developed in a bid to boost connectivity,
00:23 increase competition and reduce fares according to analysis by the PA News Agency.
00:30 The government is planning measures to encourage further proposals,
00:33 despite concerns that open access services create additional strain on the network
00:37 and take too much revenue away from conventional operators.
00:42 The vast majority of trains in Britain are run by operators either owned or paid management fees
00:47 by the UK, Scottish or Welsh governments.
00:51 In contrast, open access operators set their own fares, take on all revenue risk
00:56 and receive no taxpayer funded subsidies.
00:59 My name is Greg Wright and I'm the Deputy Business Editor of the Yorkshire Post.