Watchdog warns of up to 13% fare rises in 2012
Posted: 16 August 2011 | | No comments yet
Rail passengers will face the first of three years of inflation-busting fare rises in January 2012…
Rail passengers will face the first of three years of inflation-busting fare rises in January 2012. The RPI figure released today, confirms that the new formula for Government capped fares will mean an average rise of 8% *. However, train companies can set fares on individual routes by up to an extra 5%*.
Sidebottom continues, “The Government’s commitment that the next three years should signal the end of inflation plus three per cent rises is welcome but in the meantime passengers will have to dig deep.”
* Regulated fares in England will rise by RPI +3% in January, Scottish fares remain at RPI +1%.
* if the train company puts up a particular fare by up to 5% it must balance this by reductions on others.