Taxpayers are subsidising the rail industry by £1m per hour, to run trains that are virtually empty. The government put in place a £12bn support package to prevent train operators facing financial collapse when fare income fell to nothing due to the pandemic lockdown in the UK. The transport secretary, Grant Shapps, was quoted as saying “We have, during the pandemic, stepped in to save every single rail job without exceptions.”
When G7 Foreign and Development Ministers meet in London this week they will discuss investing $15 billion in developing countries in the next two years. This development fund will help women access jobs and build resilient businesses to combat the devastating economic impacts of COVID-19.