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Train fares will go up by 3.4% in January

The average cost of a train ticket will rise by 3.4% in January, the rail industry has announced.

The price hike – the sharpest since 2013 when fares increased by 3.9% – will come into effect from January 2, said the Rail Delivery Group (RDG).

One in nine trains (12%) failed to meet its punctuality target in the last year – meaning they arrived more than five minutes for commuter services or 10 minutes late for long-distance journeys.
The price hike is below the rate of Retail Price Index (RPI) inflation, which is used to set rail season ticket prices, which rose to 3.6% in August.
However, the move was slammed as “another kick in the teeth” for passengers by the Rail, Maritime and Transport (RMT) union, at a time when people’s spending power is already facing a squeeze with the average wage growth failing to keep up with the pace of price increases.
General secretary Mick Cash said: “For public sector workers and many others in our communities who have had their pay and benefits capped or frozen by this Government, these fare increases are another twist of the economic knife.

“The private train companies are laughing all the way to the bank.”
Anthony Smith, chief executive of passenger watchdog Transport Focus said: “While substantial, welcome investment in new trains and improved track and signals is continuing, passengers are still seeing the basic promises made by the rail industry broken on too many days.”

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It said fewer than half (47%) of passengers are satisfied with the value for money of train tickets.
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Source: Sky

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My name is Joel Bissitt. I have been an entrepreneur for 24 years and have run many small businesses across various sectors. For the last 10 years I have worked mainly within online media, franchising and small business start-ups.

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