Cash-conscious commuters are choosing public transport
David Woods, 27 August 2008
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Workers are more likely to take the bus to work rather than drive because of the credit crunch.
Bus company Arriva has reported a 10% increase in passenger numbers from January to June this year, leading to the conclusion that commuters are saving money by taking public transport to work.
He added: "Of course the savings make a huge contribution to coping with the credit crunch too -maybe that blue sky holiday is safe after all."
However Andrew Cope, chief executive of Zenith, does not believe that the credit crunch has had an effect on company cars and fleet as yet. He said: "We have not seen a noticabledifference in the corporate market. In the retail market less people might be buying cars at the moment and driving less, but this is not happening in the fleet world."
In addition the slow economy has encouraged workers to save on lunch,- Sainsbury's has reported an increase in lunch box and sandwich sales.
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