Alison Munro
speaker
30 appearances
1 recordings
1 series
first heard Jan 2012
last heard Jan 2012
Alison Munro’s voice in public audio — every appearance, attributed to the second.
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Appearances
and paying a higher fare or choosing a slower mode and a lower fare, the value, this £50 an hour value, does actually reflect the decisions they actually make about how they travel.
We're not saying that people can't work on trains, but the other point is that as demand grows and trains become more and more crowded, in those conditions, people can't work on trains.
I should point out that of the overall benefits that we've calculated for the schemes, of the 23 billion benefits I described to you, for example, for London to West Midlands, only about 30% to 40% of that is actually business time savings.
So it's not the whole of the benefits that we're calculating don't depend on this business value of time.
But you need to take a consistent approach between how you value business time and how you count the benefits of reducing overcrowding.
Because we don't assume that time at the moment is productive, we put a low value on reducing crowding for business travellers.
So all I'm saying is you need to be consistent.
If, as you're suggesting, you should assume that time on a train is productive, then you also need to adjust that crowding value to be consistent.
So when you make both of those adjustments, it's not a fudge, it's just saying you need to be consistent in your assumptions.
If you make both of those adjustments, then we find it actually evens out.
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