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Cap on rail fares announced for passengers in Wales

Credit: Lynne Cameron/PA Wire

The Welsh Government has announced that regulated rail fares in Wales will not rise above the rate of inflation until at least October 2018.

This means that from January 2017 the maximum increase that Arriva Trains Wales can apply to regulated rail fares will be 1.9% - 0% above the Retail Price Index rate of inflation.

For 2017, we have again determined that capping fares at 0% above the rate of inflation is preferable – providing continuity to existing rail users and ensuring that travelling by train remain sattractive and affordable. Rail fare increases from January 2018 until the end of the current franchise in October 2018 will also be capped at the rate of inflation and not a penny more.

– Ken Skates AM, Economy and Infrastructure Secretary

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Protests planned over changes to pension age for women

Protests have been planned at the Senedd today over changes to the state pension age for women.

Around 200,000 women in Wales could be affected by the changes. Credit: PA

In 1995, plans were published to increase the State Pensionable Age to 65 for all women born in the 1950s.

Campaigners claim that around 200,000 women in Wales will be affected by the increase.

By 2018 women will have to be 65 to receive the state pension - two years earlier that originally planned. In 2020, both women and men will have to be 66 to receive their pensions.

House prices 'rising in Wales'

Credit: Andrew Matthews/PA Wire

The Royal Institution of Chartered Surveyors (RICS) says the UK's housing market confidence is picking up following the vote to leave the EU with both property sales and prices expected to increase in the months ahead.

It says in Wales, a net balance of 13% of surveyors reported prices rising rather than falling.

There are clear signs that the housing market is settling down after the initial surprise of the outcome to the EU referendum. Buyer enquiries did dip again in August but only modestly, and more significantly, sales expectations are beginning to edge upwards once again

– Simon Rubinsohn, RICS Chief Economist

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Welsh house prices 'see their biggest monthly fall for 5 years'

Credit: Yui Mok/PA Wire

House prices in Wales have seen their biggest monthly fall for 5 years.

But according to an Acadata survey Torfaen has seen an annual rise of almost 10 percent. The average house price is around 1 hundred and 68 thousand pounds. It also says Merthyr Tydfil has an annual fall of 5.6%, after last months drop of 5.3%.

Monmouthshire leads the table on prices with an average of £242,128. In Gwynedd it's £162,028.

The lowest average price in in Blaenau Gwent at £92,932

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