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2014 fare increase capped at Retail Inflation rate

December 7, 2013

Finally a little bit of good news for train travellers – in his statement to the House of Commons on Thursday Chancellor George Osborne announced that this year’s fare increases would be capped at an average of 3.1%, rather than the 4.1% that had been expected. In effect it means fares will go up on Jan 1st by just the rate of retail price inflation instead of the threatened RPI+1 formula.

Government rules will still allow the train companies to raise some fares by upto 5.1%, so long as the average is kept at 3.1%.

Northern’s new fares should be published on the National Rail Enquiries website soon, and we’ll report on the changes to the most popular fares from Walkden on this blog.

If you buy monthly or longer season tickets it’s worth considering whether you can defer the price rise by renewing your pass early (before Jan 1st).

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