The Labour party has said that it would cap rail fare rises at one percent above the PRI rate of inflation. It is currently capped at three percent in England. Maria Eagle MP, the shadow transport secretary, said:
Labour would be putting passengers first by banning train companies from increasing fares above a strict cap of one per cent above inflation across all routes. So while commuters could pay up to eleven per cent more every year under the Tories and Liberal Democrats, fares would rise by no more than one per cent above inflation under Labour.
The rise in inflation means more misery for commuters as train companies can increase fares up by 6.2%. Will the Chancellor step in?
Today's inflation figures will give an indication of the level of rail fare increase we can expect in January. So what is driving that rise?
Commuters are braced for more misery as inflation figures were higher than expected meaning that train companies can charge more.