Chancellor’s rail fare increase announcement
07 September 2014
Today the Chancellor announced that regulated rail fares will now increase in line with inflation rather than RPI + 1 per cent. He has also announced that train operating companies will no longer be able to increase individual fares by up to 2 per cent more than the permitted average increase.
David Sidebottom, passenger director of the independent watchdog Passenger Focus, said:
“The capping of rail fare rises by inflation will be welcome news to passengers in England, especially those who rely on the train for work. As will the ban on train companies increasing some fares by more than the average.
“It is something we have been pushing for, for several years now, and we are pleased that the Government has recognised the need to act to relieve the burden on passengers.”