In response to the news that regulated fares will rise by an average of 8% in January, David Mapp, Commercial Director at the Association of Train Operating Companies, said:
“We know that these are difficult financial times for many people. The Government has decided that many fares need to rise above inflation for the next three years to help pay for more trains, better stations and faster services.
“Increasing the money raised from fares will mean that taxpayers contribute less to the running of the railways, whilst ensuring that vital investment can continue. All additional money raised through the change to RPI+3 will go straight back to the Government.
“The industry is working with the Government to cut the cost of running the railways, building on the progress that has already been made. A more efficient railway will help to limit fare rises in the future, and offer better long-term value for money for the taxpayer.”