The rail industry has announced that regulated and unregulated train fares in Britain will increase by an average of 2.3% from January 2nd.
Since the price rise for regulated fares -- such as season tickets -- was capped at 1.9% back in August because of July’s Retail Prices Index (RPI) inflation measure, we know that train operators are increasing the price of unregulated fares by significantly more than 2.3%.
A brazen move, considering the poor level of service passengers receive, but one that was wholly expected.
“We understand how passengers feel when fares go up, and we know that in some places they haven't always got the service they pay for,” said Paul Plummer, the chief executive of the Rail Delivery Group. “Around 97p in every pound passengers pay goes back into running and improving services.
“This money helps government to support the biggest investment in our railway since Victorian times.”
General secretary of the Rail, Maritime and Transport union, Mick Cash, has a slightly different view. “Once again the rip-off private train companies are laughing all the way to the bank as they whack up fares and axe staff in all-out dash to maximise their profits,” he said.
“This culture of private greed on Britain’s railways has to stop and RMT will step up the fight for a publicly owned railway where services and safety are the priority, not corporate profits.” [BBC]