The UK's rail franchises are once again being told how much they're allowed to raise fares by in January, with the maths revealing that commuters can expect to pay an average of 1.1 per cent more to travel by train in 2016.
The new fares go live on January 2nd, when regulated fares will be allowed to rise by one per cent -- the lowest increase since 2010 -- thanks to the currently flatlining UK Retail Price Index upon which ticket price rises are based.
Unregulated fares may be lifted by whatever margin the rail operators choose, meaning that across the country and at all times of day, we should end up paying an average of 1.1 per cent more to go anywhere by train in 2016.
RDG boss Paul Plummer seems to be quite happy with the low-end increase, saying: "We know that nobody likes to pay more to travel by train, especially to get to work, and at 1.1% this is the smallest average rise in fares for six years. On average, 97p in every pound from fares is spent on trains, staff and other running costs." [Guardian]