Rail Fares to Rise by 5.9% from 2 January 2012
Train fares will rise by an average of 5.9% in January 2012, the Association of Train Operating Companies has said.
In his Autumn Statement last month, Chancellor George Osborne capped fare increases at 6%, instead of the expected 8%.
Fare rises are linked to July's inflation, as measured by the Retail Prices Index, which stood at 5%.
Atoc said the fare increase would be used to pay for "new trains, faster services and better stations".
"The long standing government approach to sustaining rail investment is to cut the contribution from taxpayers and increase the share paid for by passengers," said the group's chief executive Michael Roberts.
Currently, passengers contribute about £6.5bn to the running of the railways, with taxpayers picking up the remaining £4bn.
Policy change
The fare increases apply in England, Scotland and Wales, and take effect from Monday 2 January.
About half of all fares are set by the government formula of RPI inflation in July, plus 1%. RPI is currently running at 5.2%.
Source: Ways2Work (formerly NBTN
January 3, 2012
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