I know its boring, but I couldn’t help myself today – with the flurry of news about East Coast franchising and Chris Grayling’s announcement on the government Transport Strategy I had a sneaky browse through some ONS statistics on railways.
One table in particular made me smile, it was preceded with this heading:
This is what the summary of locos and rolling stock in the official ONS spreadsheet displayed:
Apparently the UK had no stock in 2009, but by 2010, 2.3 vehicles (locos or rolling stock items) had disappeared when compared with 2008.
What is 0.1, or 0.3 of a rolling stock asset?
Clearly an absurd set of numbers, but the apparent increase of 15.2 items of rolling stock assets – or around 18% – between 1996 and 2013 may be what Mr Grayling was referring to in the “Strategic Vision for Rail” policy:
“The last few years have seen massive growth on Britain’s railways. This industry has reversed decades of decline under British Rail, delivered new investment and new trains, and doubled the number of passengers.”
Well, can’t argue with the increase, based on the ONS numbers, but are these really useful way or reporting, or measuring railway assets?
A bit more digging
The information I obtained above from the ONS is actually related to the Consumer Price Index (CPI) calculations, but in the ONS search box I simply input the term “railway” to see what it produced:
I suppose, since the rolling stock is not directly owned by the UK, the assets are private company data, so I should not have been surprised when I learned that the numbers and tables simply relate to fluctuation in operational costs to the traveller.
Surely the Government can’t be subsidising train operators maintenance costs, or capital asset amortisation?
No, they apparently relate to the cost increase of using the product or service – in this case railways – but unless you’re a macro economist, or maybe a global bank, I’m not sure looking at some ONS tables does anything other than become a puzzle.
Here’s one, I wonder what the table and the chart mean:
The numbers seem to be just a statistical exercise to feed into the CPI measure for the UK economy as a whole, from an understanding of UK rail operations for the general public, the tables and charts are not useful at all.