Regulated rail fares will rise by up to 5.9% - heaping more misery on squeezed commuters
The Department for Transport capped the rise at 5.9% for any fare regulated by the government - including season tickets for most trips and some off peak returns.
It said the cap is 6.4 percentage points below the inflation figure fare rises have normally been based on. Unregulated fares are set by train operating companies but these usually follow the trend set by the Government thanks to contracts made during the pandemic, when passenger figures crashed due to lockdowns.
Transport Secretary Mark Harper said: "This is the biggest-ever Government intervention in rail fares."It has been a difficult year and the impact of inflation is being felt across the UK economy."This is a fair balance between the passengers who use our trains and the taxpayers who help pay for them."
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