Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Post-Brexit checks reduce Eurostar’s London terminal capacity by a third

by September 28, 2022
September 28, 2022
Post-Brexit checks reduce Eurostar’s London terminal capacity by a third

Post-Brexit border checks have slowed the speed at which Eurostar passengers pass through London St Pancras on their way to Paris, reducing the terminal’s capacity by one-third, according to the cross-Channel rail company’s boss.

The rail operator’s chief executive, Jacques Damas, said central London had only avoided the kind of chaos and queues seen at Channel ports this summer because Eurostar was running fewer trains.

He said the additional border checks now required, with UK nationals having to have their passports stamped, was adding at least 15 seconds per passenger. In London St Pancras International, even after upgrading the border gates, and with all booths staffed, the operator could only process a maximum of 1,500 passengers an hour, compared with 2,200 before the Brexit transition period ended, Damas said.

Damas outlined Eurostar’s problems in a letter to the Conservative MP Huw Merriman, the chair of the Commons transport select committee, who had requested an explanation for Eurostar cutting back services to Kent stations and stopping its direct Disneyland Paris route from London next year.

He told Merriman: “It is only the fact that Eurostar has capacity-limited trains and significantly reduced its timetable from 2019 levels, that we are not seeing daily queues in the centre of London similar to those experienced in the Channel ports.”

The company would not resume operations at either of its Kent stations – Ashford and Ebbsfleet – until at least 2025, to concentrate “vital border police” at St Pancras, Damas said.

The chief executive, who is due to hand over the reins next week to Gwendoline Cazenave, said Eurostar was also hampered by high UK track charges on the route to the Channel, three times more expensive per mile than it pays in France.

Its finances were further battered by the refusal of the government to offer it state-backed loans – as airlines received – during the Covid pandemic, Damas said, and he warned fares would remain high for the foreseeable future. Eurostar is now paying high rates of interest on some €500m (£450m) in commercial debt incurred to ensure its survivals as passenger revenue disappeared during the travel bans.

There could be more trouble in store for the operator when the EU brings in EES, the entry-exit system, next year.

Damas said the system “hangs over us”, and is expected to mean that travellers from non-EU countries, now including the UK, will have to have their fingerprints scanned and a photograph taken to register them on to a database, as well as eventually pay a fee to visit the EU.

He added that on the UK side in particular, there was “considerable uncertainty about the ability of customers to pay in the context of the current and forecast pressures on the cost of living. At the same time the business itself faces nearly £100m in increased inflationary pressures.”

He warned that he had a duty to “secure my company’s future [and] not to overcommit.”

The UK government controversially sold its stake in Eurostar, the “green link” to Europe, to private pension funds in 2015.

Read more:
Post-Brexit checks reduce Eurostar’s London terminal capacity by a third

0
FacebookTwitterGoogle +Pinterest
previous post
Sky signals end of satellite dishes on homes amid move to streaming
next post
IMF openly criticises UK government tax plans

You may also like

Amazon Sued for £2.7bn by UK Third-Party Sellers...

June 28, 2024

UK Government Quietly Pauses Natwest Retail Bidding Process

April 1, 2024

Business confidence at lowest in 21 months

November 30, 2022

The Most Common Mistakes Teams Make When Pitching...

December 10, 2024

4 Cost-Effective Marketing Ideas Using Stickers for Businesses

November 8, 2024

Match.com ad showing woman carrying out subservient tasks...

October 5, 2022

Persil advert banned for misleading green claims

August 31, 2022

TV inventor’s space saving fold-away toilet frame secures...

February 22, 2023

Airbnb tempts London home owners for coronation weekend

March 28, 2023

Xapien secures £8M in Series A funding to...

July 17, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • House Tax Bill Doesn’t Kill Green New Deal Subsidies Fast Enough

      May 15, 2025
    • UAE’s president bestows highest civilian honor on Trump

      May 15, 2025
    • US military would be unleashed on enemy drones on the homeland if bipartisan bill passes

      May 15, 2025
    • House Dems open investigation into Trump’s acceptance of $400 million jet from Qatar

      May 15, 2025
    • Wagyu Farmer in Congress Wants Tariffs on Australian Wagyu

      May 15, 2025
    • Young Americans Like Socialism Too Much—That’s a Problem Libertarians Must Fix

      May 15, 2025

    Categories

    • Business (7,968)
    • Investing (1,963)
    • Politics (15,235)
    • Stocks (3,084)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved