The Campaign for Better Transport has called on the Government to do more to stop runaway rail fares affecting many across our region.
The campaign is calling on the Government to create a new formula to end the increasing fare rises.
If Government had raised fares by CPI inflation alone between 2011 and 2014, from January selected fares would be lower than actual fares by the following amounts:
Basingstoke to London - £336 cheaper
Colchester to London - £228 cheaper
Southampton to London - £352 cheaper
Government should stop using RPI to calculate ticket prices. It over-estimates real inflation so consistently that the Office of National Statistics has dropped it as an official measure. Government has already switched to CPI for most things. Doing the same for train fares would have little impact on railway revenues, but it would save passengers money and bring fares into line with things like public sector pensions."
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