News

Rail fares likely to increase by 6.2 per cent

Rail fares in the UK are already ten times higher than in other EU countries and passengers can soon expect ticket prices to skyrocket again.

Thanks to a spike in the Retail Prices Index (RPI) last month, ticket prices are likely to jump by an additional 6.2 per cent next year.

Unions and rail passenger groups have launched official protests against the preposterous costs of riding the rails this week, before news of the RPI spike was announced. This spike further demonstrates the money that businesses could potentially save in travel costs by investing in video conferencing software for meetings with clients.

Stephen Joseph, who is chief executive of the Campaign for Better Transport, has urged government ministers to put a stop to the train fares.

He told channel4.com: “If the government sticks by its policy, rail fares will rise three times faster than salaries. With the economy flat-lining, this is untenable.

“The government knows they can’t continue to hit commuters – that’s why they’ve postponed the fuel duty increase. Now they need to give the same help to rail users.”

In an interview with thisismoney.co.uk, transport secretary tried to defend the price rises by stating that they will help fund massive improvements to rail services.