Sat Sep 20 2014

RAIL FARES

Categories: Featured Articles

R757 News

 

 

 

 

 

 

 

 

Rail fares for 2015 have been frozen in real terms, following an announcement by Chancellor of the Exchequer George Osborne that fares would increase only in line with inflation, rather than the RPI +1% (RAIL 756).

For the second year in a row, rises for regulated fares - namely season tickets and off-peak inter-city return tickets - have been capped at inflation, with no regulated rail fare set to rise by more than 2.5% in 2015, taking 3% off the maximum increase. The decision extends the freeze that was introduced in the 2013 Autumn Statement.

“Support for hard-working taxpayers is at the heart of our long-term economic plan. It’s only because we’ve taken difficult decisions on the public finances that we can afford to help families further,” said Osborne on September 7.

“I can announce that no regulated rail fares will rise by more than inflation in 2015, which together with last year’s freeze will save season ticket holders around £75 over 2014 and 2015.”

In addition, train operating companies will no longer be able to increase individual fares by up to 2% more than the permitted average increase (a mechanism known as the ‘flex’).

 

 

 

 

... read more in RAIL 757, on sale 17/09/2014. Now available for your iPad!


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