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.
BBC News
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Rail fares will rise more than expected next year - although the new inflation-busting 2.6% increase is being delayed until 1 March.
Regulated fares were expected to increase by 1.6% in January, as successive governments linked annual rises to July s RPI inflation rate.
Rail minister Chris Heaton-Harris said the rise reflected unprecedented taxpayer support for rail this year.
But unions said the rise was a kick in the teeth for passengers.
An average increase of 2.6% across all fares will still be the lowest since 2017, and it will only last nine months, until the end of 2021.
Had the rise come in in January it would have equated to a 1.95% jump across the whole year.
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.