Tuesday, 16 August 2011

New UK Rail Fare Increases

The BBC reports that rail passengers will find out how much fares will rise next year when the latest inflation figures are revealed. "RPI inflation for July is expected to be around 5%, meaning the average season ticket will go up by around 8%" the report says.  Up to now, the formula for fare increases has usually been RPI inflation plus 1%, but for the next three years it is to be RPI plus 3%. It is said that the government's agenda is to reduce the cost of running the rail network for the taxpayer.  

In reality, it is a crude and poorly disguised way of trying to price people off the railways so that the government doesn't have to buy new trains or spend so much money upgrading the system.

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