By Press Association
File photo dated 14/08/18 of rail tickets. Rail passengers will be hit by above inflation fare rises for the first time in eight years, the Department for Transport (DfT) has announced. PA Photo. Issue date: Wednesday December 16, 2020. Ticket prices will Rail passengers will be hit by an above inflation fares rise for the first time in eight years, the Department for Transport (DfT) has announced. Ticket prices will increase by an average of 2.6% from March 1 next year, which is July s Retail Prices Index (RPI) measure of inflation plus 1%. Successive governments have linked fare rises to RPI since January 2014, but the DfT said this policy has been axed due to the unprecedented taxpayer support handed to the rail industry over the past 12 months.
Train passengers to be hit with extortionate price hikes on tickets in 2021. (PA Wire) Train passengers will be hit with a price hike in 2021, the Department for Transport (DfT) has announced. Ticket prices will increase by an average of 2.6% from March 1 next year, which is July’s Retail Prices Index (RPI) measure of inflation plus 1%, seeing an above inflation fares rise for the first time in eight years. Successive governments have linked fare rises to RPI since January 2014, but the DfT said this policy has been axed due to the “unprecedented taxpayer support” handed to the rail industry over the past 12 months.
Train passengers to be hit with extortionate price hikes on tickets in 2021. (PA Wire) Train passengers will be hit with a price hike in 2021, the Department for Transport (DfT) has announced. Ticket prices will increase by an average of 2.6% from March 1 next year, which is July’s Retail Prices Index (RPI) measure of inflation plus 1%, seeing an above inflation fares rise for the first time in eight years. Successive governments have linked fare rises to RPI since January 2014, but the DfT said this policy has been axed due to the “unprecedented taxpayer support” handed to the rail industry over the past 12 months.
Train passengers to be hit with extortionate price hikes on tickets in 2021. (PA Wire) Train passengers will be hit with a price hike in 2021, the Department for Transport (DfT) has announced. Ticket prices will increase by an average of 2.6% from March 1 next year, which is July’s Retail Prices Index (RPI) measure of inflation plus 1%, seeing an above inflation fares rise for the first time in eight years. Successive governments have linked fare rises to RPI since January 2014, but the DfT said this policy has been axed due to the “unprecedented taxpayer support” handed to the rail industry over the past 12 months.
Firms have been told these must be introduced across England by the end of next year.
The 2.6% figure announced by the department relates to regulated fares, which make up around half of fares and include season tickets on most commuter routes.
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But operators are expected to match their rises in unregulated fares such as Advance tickets because the Government has taken on their financial liabilities.
An average increase of 2.6% across all fares will be the lowest since 2017.
Examples of the potential impact include a Brighton-London annual season ticket going up by around £129 to £5,109 and a Manchester-Glasgow off-peak return rising by £2.30 to £90.60.