Friday, 20 January 2012

Rail Fare Rises in 2013 & 2014 To Stay At RPI+3%

The government has confirmed that rail fare rises at the start of 2013 and 2014 are to stay at RPI+3 per cent. The rise at the start of this month was kept to RPI+1 per cent, after a policy u-turn announced by the Chancellor at the end of November, but nothing was said at the time about what would happen in future years.

The confirmation has come in its announcement about the issuing of Invitations to Tender for the next Intercity West Coast franchise.

In a note attached to the ITT statement, the Department said: 'The ITT for the InterCity West Coast franchise follows the current agreed regulated fares policy as set out in the 2011 Comprehensive Spending Review – a rise in 2012 of RPI + 1 per cent and RPI + 3 per cent for 2013 and 2014, returning to RPI + 1% thereafter. Over the long term we are committed to reducing the cost of running the railways and the goal of ending the era of above-inflation fare increases.'

No comments:

Post a Comment