Average train fare to rise four times faster than your wages in 2012

15 August 2011

train

What's a good way of getting some life back into the economy? How about hiking up the price of the things that get people to work every day? Yeah. That's a really smart idea.

And that's what appears to be happening as groups note that the government are raising the prices of train tickets by 13%, which is a rise four times quicker than your wage will grow.

And sadly, this isn't happening in some distant future. These are the forecasts for 2012.

Next year, season tickets will rise by the rate of retail price index inflation plus 3% until 2014, and there's room for a further increase of 5% with some services.

"It will be a straw that breaks the camel's back," says Stephen Joseph, chief executive of the Campaign for Better Transport (CBT). "There are both economic and political consequences for this. For some people in the London labour market and some cities outside of London, this will be a big chunk of money.

"If you look at places where there is a large number of rail commuters, there is a significant number of marginal seats. Those are precisely the places that will be affected by eye-watering rail fare rises."

Of course, train operators won't mind raising prices at all, but they're keen to point out that they're only doing as they're told by the Department for Transport (DfT).

Theresa Villiers, the rail minister, says: "The scale of the deficit means that the government has had to take some very difficult decisions on future rail fares, but the long-term solution is to get the cost of running the railways down. That way we can get a better deal for passengers and taxpayers. We are determined to do this and if we succeed, we hope to see the end of above-inflation rises in regulated fares."

What is so galling about these price increases is that the cost of rail travel rose by 6.9% last year, without any improvement in service. So, regardless of the political posturing, the crux of the matter is we'll be getting a shoddy service for a hugely inflated price.

TOPICS:   Travel   Banking   Economy

10 comments

  • ElBuc
    To begin to pay for the ridiculous HS2 I presume?
  • Dick
    It is because trains conflict with Apple's patent on the iphone. People's heads are full of ideas, so if a train moves a person from one place to another, that is the same as transferring an idea, which can be done by iphone, so it is infringing on Apple's patents.
  • The B.
    Surely it's to pay for the above inflation pay rises the RMT hold the rail networks to ransom for every year?
  • oliverreed
    @Dick - I think crApple have patented the terms 'function' and 'everything', therefore everything that happens to 'function' breaches that patent and 'everything' covers the rest. Our house values aren't going up, savings receive pitiful interest rates, benefits like tax credit reduced plus eligibility lowered and wages certainly aren't going up yet every way we can spend our hard earned is going through the roof - something's gotta give. Oh wait, it did last week.....
  • steve
    Great, first they cut subsidies to local bus services, meaning in September many routes will be no more, and then they put the train fairs up. Its like they want you to but their overtaxed petrol or something.
  • Brian's U.
    Oh my god, that is so infuriating. On top of this I can imagine the trains to be super busy on 2012 due to the Olympics. The governement are already laying down the ground work and trying to coax people into riding their bike into work or running. Geez. I can see why people are disafected with the governement and want to show their dissatisfaction.
  • Mick T.
    You can thank Labour for pissing all the money into the public sector leaving us with an economy that relied on the services sector and borrowing to function, leaving the following administration to clean up a big fucking mess. The rail companies need to make a profit as well but after their subsidy cuts I bet their profits won't be going down in 2012.
  • Mark D.
    Mick The Take, good point, bleedin labour never should have privatised the railways, what a lot of idiots.
  • Yue
    That's because our lovely government removed restrictions to keep the price linked to the retail price index. Nice to know some foreign companies are making the most of our poor situation. As for Mick the Take I assume you are living up to your name with the bollocks you're talking about. The Daily Mail isn't presenting fact mate, but as long as it makes you happy keep talking rubbish.
  • tckevin
    So the uneconomic price of £1.15/mile isn't enough. But as I use a non-Metropolitan service, the formula, of inflation plus 3% +5%, doesn't apply and they can stiff me for all I'm worth.

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