Expected increase of 2.8% would add £100 to price of many season tickets
Wednesday, August 14, 2019 – 6:19am
Train fare rises will drive passengers away from rail travel, unions and campaigners have warned.
A fair rise of about 2.9% is expected to be confirmed today, leading to an increase of more than £100 in annual commuting costs for many passengers.
Bruce Williamson, from campaign group Railfuture, said: “It might be that we’ve now reached the point where we cannot simply put fares up and expect passengers to take the hit. They will just give up and refuse to pay. They will either find another job or another form of transport.”
The rise will be based on the Retail Prices Index (RPI) inflation measure for July. Analysts expect that figure to be around 2.9%, meaning a significant shift in season ticket costs.
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The Campaign for Better Transport (CBT) has long pressed for a different method of calculating fares. It calls for the most widely watched and used measure of inflation, the Consumer Prices Index (CPI), to be used instead of RPI. Last month, the CPI figure was 2%.
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Source:: The Week – All news