UK rail minister warns over staff shortage threat to Christmas services; Tui enjoys package holiday boom – business live
Markets await US inflation data and more clues about fresh Chinese stimulus measuresThe UK government is concerned that Christmas train services could be disrupted because of staff shortages, the rail minister said this morning.Peter Hendy has told MPs that Department for Transport (DfT) officials will continue to look at the issue throughout the festive period.That we are concerned about with several train operators, exacerbated by the fact that inevitably the closures close parts of the railway and put more pressure on others.”I’ve been through this a lot with Alex [Alex Hynes, director general for the DfT’s rail services group] recently and will continue to be into, right up to and over Christmas.Generally as a system, we’re over-reliant on overtime working for train crew. That’s a risk, which may be worse at Christmas time than other times.There is a gap in price expectations between buyers and sellers . . . suggesting there is further to go before market liquidity returns. Continue reading...
Markets await US inflation data and more clues about fresh Chinese stimulus measures
The UK government is concerned that Christmas train services could be disrupted because of staff shortages, the rail minister said this morning.
Peter Hendy has told MPs that Department for Transport (DfT) officials will continue to look at the issue throughout the festive period.
That we are concerned about with several train operators, exacerbated by the fact that inevitably the closures close parts of the railway and put more pressure on others.”
I’ve been through this a lot with Alex [Alex Hynes, director general for the DfT’s rail services group] recently and will continue to be into, right up to and over Christmas.
Generally as a system, we’re over-reliant on overtime working for train crew.
That’s a risk, which may be worse at Christmas time than other times.
There is a gap in price expectations between buyers and sellers . . . suggesting there is further to go before market liquidity returns. Continue reading...
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