Home Business NewsBusinessAutomotive News Train strikes have left London students out of pocket by more than £700

Train strikes have left London students out of pocket by more than £700

by LLB Finance Reporter
16th Mar 23 12:12 pm

As Transport for London strikes begin on the 15th of March, a lot of disruption is going to be felt across the capital and the country this week.

A number of people will be affected by these strikes, including students. With this in mind, parking experts at YourParkingSpace have uncovered the true cost of the train strikes for students- and it’s quite shocking…

London students are estimated to have spent over £700 extra on parking since the start of train strikes

Since the start of the train strikes in 2022, there have been a total of 33 days of disruptions across the country due to train strikes. According to a source*, commuting is the most popular reason for using the rail network, with 49% of passengers using it to get to school or work.

With trains out of use, and bus services inevitably extremely busy, driving may be the only option for students looking to get to their lectures.

According to a data study by YourParkingSpace, this has come at a huge cost for students. Findings estimate that students in London will have spent £709.50 more on parking since the start of the train strikes. With the cost of living crisis, this is less than ideal for students who are often strapped for cash as it is.

London students are also estimated to have spent over twice more on parking since the start of the train strikes than the rest of the country.

On average, students across the UK will have spent over an estimated £300 on parking since the train trikes started

According to YourParkingSpace’s data, on average across the UK, students will have spent an estimated £326.70 more on parking since the start of the train strikes. Whilst this figure is significantly lower than London, this is still a lot amount of money to have to spend extra on a commute.

Brannan Coady, CEO at YourParkingSpace comments, “As the public transport system in the UK becomes more unreliable, students from all over the country may be forced into commuting by car. Unfortunately, a lot of universities are located in high-congestion areas making parking harder and more expensive. If you do find yourself at a university with reduced parking options, block booking your parking in advance is a great solution to make sure you’re securing a spot for whenever you need it.”

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