The Government has announced another huge 4.9% hike in train fares that will exacerbate the cost-of-living crisis and leave long-suffering rail passengers paying more.
This bumper rail fare rise will mean a 66% rise in rail fares since the Conservatives came to power in May 2010, almost twice as fast as wages.
This comes as the quality of rail services continues to decline under unaccountable private operators, with 2022/23 the worst year on record for rail cancellations. That’s why it beggars belief that after the worst ever year for cancellations on our railways, the Conservatives would deliver a brutal rail fare hike for millions of long-suffering passengers.
Household budgets have already been squeezed to their limit by the cost of living crisis, and now passengers are being asked to pay more for a service that is worsening every year. I’ve called out poor performance on the Great Western mainline and demanded better service for passengers in the far south west.
New figures released by Labour show:
- Average fares will rise to 66% more than they were in 2010, growing nearly twice as fast as wages.
- Average fares have now risen almost twice as fast as wages since the Conservatives came to power.
- The average annual season ticket will have risen by 66% since 2010, leaving commuters paying £1,437 more than in 2010 on average.
Labour will end the cycle of failure on our railways by bringing rail franchises back into public ownership as contracts expire, creating a unified network with every decision tested against the interest of the passenger.
Fare Increases and Wage Growth Since 2010
- Regulated rail fares, which include season tickets and most other commuter tickets, will have risen by 66% on average between 2010 and 2024.
- That is almost twice as fast as wage growth since 2010.