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Old December 5th 17, 04:29 PM posted to uk.railway,uk.transport.london
Anna Noyd-Dryver Anna Noyd-Dryver is offline
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Default Rail fares to increase by 3.4%

Basil Jet wrote:

http://www.itv.com/news/2017-12-05/r...s-3-4-january/


"The Government uses the previous July's Retail Prices Index measure of
inflation to determine increases in regulated fares, which was 3.6%. These
are around half of all tickets and include season tickets on most commuter
routes and some off-peak return tickets on long-distance journeys."

Rate of increase set by the Government not by the TOCs...

Meanwhile,

"The RMT described the fares announcement as "another kick in the teeth"
for passengers.
General secretary Mick Cash said: "For public sector workers and many
others in our communities who have had their pay and benefits capped or
frozen by this Government, these fare increases are another twist of the
economic knife.
"The private train companies are laughing all the way to the bank.""

Surely at least some of the increase is required to pay for the generous
pay increases the union keeps negotiating for its staff?

Staff costs apparently make up around a quarter of every fare, whereas
profits make up 3%...


Anna Noyd-Dryver