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09/10/2013
Increase In Rail Fare Ticket Prices Limited
The rail industry's powers to increase fares are being curbed as part of the government's drive to cut the cost of living and overhaul the existing rail fare system.
The ability of train operators to add an additional five per cent to some individual fares, as long as the average rise of regulated fares is maintained at one per cent above inflation, is being limited to just two per cent as part of the government's 'Fares and ticketing review' published today by Transport Secretary Patrick McLoughlin.
As well curbing the rise in fares, the review opens the door for future innovations such as the end of paper tickets, a code of conduct for train companies to give passengers the confidence that they are getting the best deal for their journey, and a flexible approach to season tickets which could benefit part-time workers.
Mr McLoughlin said: "By capping fares we are protecting passengers from large rises at a time when family incomes are already being squeezed. We will need to wait for the rail industry to calculate individual ticket prices for next year, but this cap could save some commuters as much as £200 a year.
"Alongside this, the government is investing over £16 billion to transform our rail network, which will make sure we can respond to increasing passenger demand and drive forward economic growth that will help strengthen our economy."
(CD/IT)
The ability of train operators to add an additional five per cent to some individual fares, as long as the average rise of regulated fares is maintained at one per cent above inflation, is being limited to just two per cent as part of the government's 'Fares and ticketing review' published today by Transport Secretary Patrick McLoughlin.
As well curbing the rise in fares, the review opens the door for future innovations such as the end of paper tickets, a code of conduct for train companies to give passengers the confidence that they are getting the best deal for their journey, and a flexible approach to season tickets which could benefit part-time workers.
Mr McLoughlin said: "By capping fares we are protecting passengers from large rises at a time when family incomes are already being squeezed. We will need to wait for the rail industry to calculate individual ticket prices for next year, but this cap could save some commuters as much as £200 a year.
"Alongside this, the government is investing over £16 billion to transform our rail network, which will make sure we can respond to increasing passenger demand and drive forward economic growth that will help strengthen our economy."
(CD/IT)
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