House prices in London have continued to rise around twice as quickly as those across the UK, with the capital seeing a 19.3% jump in prices in the 12 months to June.
Figures from the Office for National Statistics show the average house price in London is now just shy of half a million pounds, at £499,000.
The RMT union, which campaigns for the railways to return to public ownership, has said that next year's fare rise is a "kick in the teeth" for rail passengers.
With the “flex” rule passengers are facing fare increases of up to 5.5% at a time when wages are stagnating. People will simply be priced off the railways while the greedy train operating companies are laughing all the way to the bank. This is a kick in the teeth for the millions of British people who use our trains ... With Northern Rail already axing off-peak tickets, with others set to follow, we are once again ratcheting up the highest rail fares in Europe to travel on some of the most clapped-out and overcrowded services ...
Rail fares could rise by as much as 5.5% next year under the current system, ITV News' Consumer Editor Chris Choi reports:
Train fares - under current formulae some could increase to 5.5%
Rail passengers will see the average price of their tickets increase by 3.5% from January, according to figures out today.
"We're a victim of our success" Michael Roberts, Director General of the Rail Delivery Group, representing train operators and Network Rail, said.
Mr Roberts told Good Morning Britain that the UK's trains are so busy because they are affordable, refuting claims that fare hikes are pricing people out of rail travel.
Rail travel is being pushed "out the reach of some ordinary people" by fare increases, the head of a public transport advocacy group said.
Stephen Joseph, executive director of the Campaign for Better Transport, told Good Morning Britain that Government-dictated ticket price hikes mean rail fares are rising four times faster than wages.
Commuters will find out how much rail fares are likely to rise by next year when the Retail Price Index (RPI) for last month is released today.
The annual increase is capped at July's RPI plus 1%, with an extra 2% added to some tickets.
The cost of some train tickets could be almost 6% higher next year.
Rail commuters will be paying close attention to the announcement of last month's Retail Prices Index (RPI) figure today, as it will be used to calculate increases to next year's regulated fares, including season tickets.
Ticket price rises are capped at 1% plus the July RPI figure, expected to be around 2.6%.
Train companies can add another 2% to some fares, as long as the overall average remains as per the formula.
Campaigners say ticket prices are rising four times faster than the average wage and that the measurement used to calculate fare increases has been discredited.
Max Clifford has been allowed out of prison to attend his brother's funeral.
Clifford was seen at North East Surrey Crematorium earlier today wearing a navy suit, pink shirt and sunglasses. He was taken away after the ceremony in a prison van.
The Ministry of Justice says it does not comment on individuals, but prisoners need to apply if they want to go to funerals. The prison then assesses the risk to the public.
Jessica was last seen wearing black leggings, a burgundy jumper and white Converse shoes. She may have taken more clothing with her and may change her outfit.
- Anyone with any information should contact Surrey Police by calling 101 (999 in an emergency) quoting the reference number P14238700
- Jessica Peters is described as white, between 5ft 3” and 5ft 6” tall
- Slim build and long hair which is currently dark brown
- She is also known to dye her hair blonde and it is possible that she may change her hair colour
Jessica has links with Buckinghamshire it is possible that she is in that area. However we are following various lines of enquiry and are keeping an open mind about her current whereabouts