Train passengers could face hefty fare rise in 2013

The Transport Secretary Justine Greening has admitted that train fares could rise by inflation plus 3% next January. Regulated fares are allowed to rise by 3% above the Retail Price Index inflation figure and Ms Greening indicated the extra money would be needed to stabiliise the rail industry.

This year, the rise was reduced to just 1% above RPI inflation but Ms Greening said there was no guarantee that the money could be found to allow a similar limit in 2013.