Rail Increases of 8% - 16th Aug 2011 4:03pm
Rail commuters are facing ticket rises of around 8% next year, following the release of latest inflation figures.
July's RPI inflation figure determines the rise in regulated fares, like season tickets.
RPI inflation for July was unchanged at 5%, meaning the average season ticket will rise by around 8%, although some companies may charge more.
Rail Minister Theresa Villiers said "difficult decisions" on fares had been taken due to the budget deficit.
The rises are part of the government's agenda to reduce the cost to the taxpayer of running the rail network.
For the last few years the formula for fare increases has generally been RPI inflation plus 1%, but for the next three years it is RPI plus 3%.
http://www.bbc.co.uk/news/uk-14538167
They're doing a crappy job of encouraging me to get the train!
July's RPI inflation figure determines the rise in regulated fares, like season tickets.
RPI inflation for July was unchanged at 5%, meaning the average season ticket will rise by around 8%, although some companies may charge more.
Rail Minister Theresa Villiers said "difficult decisions" on fares had been taken due to the budget deficit.
The rises are part of the government's agenda to reduce the cost to the taxpayer of running the rail network.
For the last few years the formula for fare increases has generally been RPI inflation plus 1%, but for the next three years it is RPI plus 3%.
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They're doing a crappy job of encouraging me to get the train!