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So 3p or so on everyone’s income tax to get us up to the same level of funding as Germany and ensure that those who choose to live a long way from their high paying jobs can travel cheaply. Sounds a winner to me.

How else are inflation-busting pay rises going to be paid for?

Someone needs to pay for the pay rises the guards and drivers want (although they pretend they don't and just want to improve safety), right?