Rail fares will be increased by 1.1% from 2nd January, 2016. Though this is the lowest price hike since 2010, commuters are still inconvenienced.
The annual rise in rail fare annoyed rail commuters, but the good news is that not all price of rail tickets will rise. The Railway Network said that the price of some tickets will remain the same, and will even reduce. Only seasoned tickets, off-peak tickets, long distance and anytime tickets are regulated by the Railway Network.
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What happens to the money?
For every pound you pay, 97p is used by the National Rail. All the money paid by the commuters is used by the railway network to goes to providing the salary of the employees, used to buy fuel, other day-to-day running costs and faster journeys.
What does it mean for commuters?
The rail fare has increased over 25% over the past few years, while the ages have only increased 9%, reported Better Transport for London. price rise affects part-time workers and those on low wages the most. Though it is only a 1.1% increase, there is still a rise. This has made commuting more expensive. Though the government has tried to limit the rise, it still affects daily expenses.
“I live in Bournemouth and I have to travel to London twice a week for work, and this rise has just burnt a hole in my pocket,” complains Yogita Sengupta, student at Bournemouth University.
Is it possible to get rid of the rise in rail fare?
Ticket prices are regulated based on the Retail Price index (RPI). The RPI is a measure of inflation which the Office of National Statistics publishes every month. Conferring to that, the increase in the fare is determined.
But according to Martin Abrams, Public Campaigner for Better Transport For London , it is possible to end it. He stated: “The current government profits from the price hike, at the end of their session at parliament. They haven’t made it a priority. Instead, they should introduce flexible prices for youngsters and part-timers.”
Russell Spink, Chief Press Officer for the Network Rail said: “We don’t make or sell ticket prices.