Rail fares to rise by 3.8% next year amid soaring inflation

Britain’s rail fares will rise by 3.8% in March 2022, the Department for
Transport said.

The government confirmed firms will be allowed to hike prices by the eye-watering sum as railways struggle under the financial impact of Covid.

The cost of train travel normallyincreases on the first working day of every year, inline with the Retail Prince Index (RPI) measure of inflation.

But that figure has reached a record 7.1% this year as the Uk grapples with a cost of living crisis.

Ministers say by rising ticket prices but keeping the cap below the RPI, there will be enough money to re-invest back into rail travel without commuters bearing the brunt of the costs.

The changes will also be delayed until March.

Rail minister Chris Heaton-Harris said: ‘Capping rail fares in line with inflation while tying it to the July RPI (Retail Price Index) strikes a fair balance, ensuring we can continue to invest record amounts into a more modern, reliable railway, ease the burden on taxpayers and protect passengers from the highest RPI in years.

‘Delaying the changes until March 2022 offers people the chance to save money by renewing their fares at last year’s price.

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