After a miserable year for British rail it has today been announced that train fares will be hiked by an average of 2.3 per cent from 2 January.
With Southern Rail putting passengers through a torrid year and franchises across the country crumbling owing to a lack of investment, the price increase will come as a slap in the face for most commuters.
Some unregulated fares are likely to rise by considerably more than 2.3 per cent, which far outstrips the inflation rate, which is currently running at 0.9%, as measured by the Consumer Prices Index.
In Scotland, a government spokeswoman says they are considering fare freezes if it could “enable us to reduce costs to passengers while still delivering our ambitious infrastructure programme”.
Since you are here
Since you are here, we wanted to ask for your help.
Journalism in Britain is under threat. The government is becoming increasingly authoritarian and our media is run by a handful of billionaires, most of whom reside overseas and all of them have strong political allegiances and financial motivations.
Our mission is to hold the powerful to account. It is vital that free media is allowed to exist to expose hypocrisy, corruption, wrongdoing and abuse of power. But we can't do it without you.
If you can afford to contribute a small donation to the site it will help us to continue our work in the best interests of the public. We only ask you to donate what you can afford, with an option to cancel your subscription at any point.
To donate or subscribe to The London Economic, click here.
The TLE shop is also now open, with all profits going to supporting our work.
The shop can be found here.
You can also SUBSCRIBE TO OUR NEWSLETTER .