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2015-01-02 RDG-001
Rail Delivery Group

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RDG comments on 2.2% average increase in 2015 fares


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Rail Delivery Group



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Rail Delivery Group

RDG comments on 2.2% average increase in 2015 fares
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related documents


2015-01-02 Government curbs rail fare rises (Department for Transport)

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date
2 January 2015
source Rail Delivery Group
type Press release



Commenting on new 2015 fares, Michael Roberts, Director General of the Rail Delivery Group representing rail operators and Network Rail, said:

“At 2.2%, the average increase in fares in 2015 is the lowest for five years. We understand no one likes to pay more, especially to go to work. For every pound spent on fares, 97p goes on track, train, staff and other costs while 3p goes in profits earned by train companies for running services on Europe’s fastest growing railway.

“We are very sorry that many passengers experienced a service well short of what they deserved last weekend. To ensure we build a better railway, Network Rail is spending £38bn over five years alongside commitments made by train companies. This will deliver more seats, better stations and improved journeys for passengers.”

The overall industry figure of 2.2% covers all fares, both those regulated by government and those which are not. Regulated fares, which include Season tickets, will rise by up to 2.5% in line with a formula set by government which bases the increase on July’s Retail Prices Index measure of inflation. The average price of an annual season ticket is £2,386, the equivalent to £4.97 a journey.

ENDS


Railhub Archive ::: 2015-01-02 RDG-001





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