Transport for London Is The Fastest Growing Contactless Merchant In The UK
The title of this post is the title of an article in Computer Weekly, which describes the enormous take-up of using contactless cards for payment on London’s transport system. This is the first two paragraphs.
Transport for London (TfL) has become the fastest growing contactless Visa merchant in Europe, and the fastest growing Mastercard and American Express merchant in the UK, a mere six months after it first launched contactless payments in September 2014.
TfL claimed 60 million contactless journeys had now been made on its system since September 2014, 20 million of those since mid-February 2015, and 14% of all journeys made on the system were now contactless.
Perhaps, the most surprising thing, is why so few other transport operators in the UK, Europe and the wider world, have disclosed plans to go to a similar system.
Perhaps, what is most remarkable about London’s contactless payments system, is that there seem to have been no adverse media reports on the system, whereas before it started various political parties were saying it would be a disaster of Titanic proportions.
It probably says more about the average politician’s knowledge of technology, than anything else.
I believe that any city or region that doesn’t sign up for contactless ticketing will see a reduction in visitors and economic activity.
If you take Scotland as an example of a region, where several antique ticketing systems are still in existence, the total population is less than that of Greater London. So if it can be implemented in London, surely an appropriate system can be used in Scotland.
Crossrail Extension Work Has Started At Shenfield
I passed through Shenfield station this morning and took these pictures of the work that has started to create an additional Platform 6 at the station for Crossrail.
The work would appear to be not causing too many problems for rail passengers. This Google Earth image shows the station.
Shenfield Station
The platform will slot into the green area to the north of the current Platform 5, which is the odd platform of five, as 1 and 2 and 3 and 4 are all arranged on either side of an island platform. This is how the work is described in Wikipedia.
Ten-carriage Crossrail trains will run over the pair of ‘electric lines’, rather than the mainlines, replacing the existing eight-carriage “metro” trains and allowing Crossrail to serve all stations between Shenfield and Liverpool Street, continuing west towards Reading and London Heathrow Airport. At peak hours the frequency of service will increase from eight trains per hour to 12, necessitating the construction of a new 210-metre long platform 6, which will be built to the north of platform 5, replacing one of the existing three western sidings. The two remaining western sidings and three new eastern sidings will also be used by Crossrail. It is estimated that Crossrail will cut morning peak journey times by up to seven minutes although there will be no reduction to some journey times.
As the new Platform 6 will be paired with Platform 5, which is already step-free with a lift, this be one of the more simpler station upgrades for Crossrail.
I can’t help feeling that when Crossrail is open, that Shenfield will become a major interchange for passengers travelling between Crossrail stations in Central and West London and stations on the Great Eastern Main Line like Colchester, Ipswich and Norwich.
Crossrail is not a high-speed line, but the increase in connectivity the line will bring, will change the lives of everybody who use it or live within a few miles.
The Natives Seem Reasonably Happy In Watford
According to this article in the Watford Observer, George Osborne gave the green light to the tune of £284 million to the Croxley Rail Link this morning.
Judging by the comments by readers to the article, the natives seem reasonably happy.
As new rail links generally seem to be successful, with perhaps the exception of the Dutch High Speed Line; HSL-Zuid, this rail link will probably be a valuable addition to the rail network in London and the South East.
Will Brent Cross Thameslink Station Get The Go-Ahead?
This was said in this article in the Standard last night.
At the same time, the Chancellor is promising a £97 million downpayment for a new station at Brent Cross, a major redevelopment area highlighted in his National Infrastructure Plan with last December’s Autumn Statement. It could help start construction of 7,500 homes. Another £7 million will go to the Croydon growth zone, aiming to create 4,000 homes. A further £1 million will fund the new London Land Commission to help create a “Domesday Book” of surplus public-sector land and brownfield sites for redevelopment.
London desperately needs more housing and building it around the Shopping Centre and a new Brent Cross Thameslink station at Brent Cross, astride the North Circular Road on surplus railway land must be a good idea.
This is a Google Earth image of the area.
Brent Cross
The Midland Main Line on which the station will be built runs north-south at the western edge of the image, with Hendon station just visible at the top beside the M1.
The Shopping Centre is clearly marked and the A41 passes beside it towards the east.
The whole area is dominated by the roads and flyovers of the M1, A5, A41 and North Circular Road, which are choked with traffic. As the developers of the new Brent Cross Cricklewood development are spending £4.5 billion over the next twenty years and have stated they are improving the roads and other transport links in the area, together with creating four new parks, could we see all of these roads either buried in tunnels or more likely roofed over so that all traffic is put out of sight and mind?
According to the development web site, one of first things being done is this.
Renew and revive Clitterhouse Playing Fields and Claremont Park creating two beautiful community parks, as well as starting to create Brent Riverside Park.
Let’s hope this defines how they mean to carry on. Clitterhouse Playing Fields are at the south-east corner of the Google image.
The developers and their architects could have great fun with this development.
Looking at the position of the station, one place to put it could be where the Midland Main Line crosses the North Circular Road in an echo of how Blackfriars station was recently rebuilt over the Thames.
I can see in my mind, a shining glass palace with a roof garden above the roads with an enormous red rail sign, saying “I’m Brent Cross Thameslink, Ride Me!”
It would be the signature for the whole development.
The new station would also be a major interchange where passengers to and from the East Midlands and South Yorkshire changed between the new electric trains on the Midland Main Line and London’s rail system.
Will Osborne Abolish Tax On Savings Interest?
This is said in this article in The Independent.
Tax on income from savings will be abolished for millions of people in the Budget today as George Osborne woos pensioners and “hard-working taxpayers” ahead of the May general election,The Independent has learnt.
So is the paper right?
It would make a lot of sense.
1, It would certainly encourage saving.
2. Encouraging saving may mean that more money will go into peer-to-peer lending, which will help lower interest rates for borrowers and give the banks a bit of a kicking. So a by-product of abolishing tax on savings interest could be better availability of finance for individuals and businesses.
3. I can see those who provide homes for savings like banks, building societies and peer-to-peer lenders getting increasingly innovate in finding ways to create high-interest, instant-access accounts.
4. It could put a lot of financial advisers out of business, as if say you had a lump sum to invest, you could easily work out what would be the best savings account, to keep the money until you need it.
5. But surely, the biggest benefit will be that as savings will now be held in an account, that doesn’t carry any tax, it will simplify tax accounting and returns for banks, building societies and savers alike.
If he does do it, then just imagine how any party who put it back would fare in an election!
On a personal note, if it does happen, I’ll be putting more of my money into Zopa!
The Anonymous Widower 