Businesses can take low-cost practical steps to reduce resource use, promoting economic growth and environmental performance. By cutting costs, businesses get a significant pay-back in the short term, with innovation able to cut their costs further over time. Research by Defra finds that British businesses could save up to £23 billion a year by adopting energy, waste and water efficiency measures which pay back within a year.
In a speech at the London launch of the Periodic Review of Network Rail's charges, funding and outputs, Richard Price sets out the challenges of efficiency and reform facing Britain's railways between now and 2020, and the pressure to achieve greater value for money as, for the first time in generations, the railways meet sustained growth for their services.larpnet.com/economics/infrastructure
The railway industry is “on notice” that it has to cut costs to continue receiving recent levels of government investment, according to the new head of the industry’s regulator. Richard Price, who takes over on Monday as chief executive of the Office of Rail Regulation, was speaking in the wake of the McNulty review, which said costs could be cut by 20 to 30 per cent over the next eight years. See full article in the FT by clicking here.