[ad_1]
An annual ticket for the same travel could go up to £5,114 from £4,744, if fares increase in line with earnings growth.
Of this year’s announcement, a Department for Transport spokesperson said: “Following last year’s biggest-ever government intervention to cap rail fare increases well below inflation, we’ll continue to protect passengers from cost of living pressures and we will not increase next year’s rail fares by as much as the July RPI figure.
“Any increase will also be delayed until March 2024, temporarily freezing fares for passengers to travel at a lower price for the entirety of January and February as the Government continues with its plan to halve inflation.”
Almost half of all fares on Britain’s railways are regulated by the Westminster, Scottish and Welsh Governments, including season tickets on most commuter journeys, some off-peak return tickets on long-distance journeys and flexible tickets for travel around major cities.
Train operators set rises in unregulated fares, although these are likely to be very close to changes in regulated ticket prices.
The Scottish and Welsh Governments are yet to announce their rail fare plans for 2024.
[ad_2]