9 March 2009
Off-peak and season ticket rail fares may be set to come down next year, after the Government rejected requests from rail operators to ignore the existing pricing rules.
The Government and rail companies had previously agreed a price structure in which certain rail fares would rise by 1% above the RPI (Retail Prices Index) measure of inflation each year.
If, as predicted, RPI is around -2% or -3% by July this year - the month in which the rail companies take their measure of inflation - the rules would mean that ticket prices would have to come down in January.
Any such price cut would be welcomed by commuters, many of whom were faced with 6% price increases this January.
A debt expert for Think Money said: "The large increase in rail fares this year put a lot of pressure on many commuters, who had also experienced price rises in other areas, such as energy and food.
"High season ticket prices can easily require commuters to get into debt, so any reduction in prices could make a significant - and welcome - difference to commuters` outgoings."
---
Think Money offer a range of debt solutions, including debt management, debt consolidation loans and IVAs (Individual Voluntary Arrangements). If you are worried about your debt, contact one of our expert debt advisers today.
Answer a few simple questions and we'll give you an instant recommendation on your best way out of debt.
Your privacy is important to us. All correspondence is held in the strictest of confidence and we will only request information required to find your best debt solution.
Tags: debt, finance, rail prices
Concern over energy debt 28 July 2010
Base rate predictions and the cost of debt 27 July 2010
Debt: unauthorised overdrafts cost an average of 167% a year 26 July 2010
Scottish insolvencies see fall on last year 26 July 2010
Debt: surge in number of bankruptcies amongst women 26 July 2010
Fees payable when continuing service is provided. Repaying debt over a longer period may increase the total amount to be repaid. Calls are recorded and are usually free from UK landlines. Mobile phone users may be charged and should check with their service provider.
Call our freephone number for expert advice
Think Money Limited © 2010. All rights reserved. Pennington House, Carolina Way, South Langworthy Road, Salford Quays M50 2ZY. Company Reg No: 04926097. Registered in England and Wales.