We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

MSE News: Autumn Budget Statement: Train fares to rise 6%

This is the discussion thread for the following MSE News Story:

"The Government will reduce the planned 8% hike in January to 6%. London tube and bus fares will also rise 6% ..."

Comments

  • Well its better then 8% I guess.
    "If you no longer go for a gap, you are no longer a racing driver" - Ayrton Senna
  • Kushan
    Kushan Posts: 72 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    It's better, but I still think Train fares are ridiculous. I remember when the 8% was announced a while back, part of the logic they gave was "some journeys are overcrowded, so we've raised fares to make people go for alternative methods of transport". You know, like cars and such. Which kind of defeats the purpose of public transport.

    Anyway, not much we can do except moan, I guess!
  • poppy10_2
    poppy10_2 Posts: 6,583 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Why are train fares rising at all when train companies are making massive profits? £176m for Stagecoach, £117m for Firstgroup, £121m for Arriva. They are creaming off massive profits from privatization, which was supposed to deliver better services and lower fares through competition.
    poppy10
  • glider3560
    glider3560 Posts: 4,115 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    As someone who follows the railways quite closer (and involved in some passengers groups), I'm amazed how late this change has been announced. The "fares manual" was due to be released to ticket retailers on Monday, but now all the fares will have to be recalculated. This isn't as simple as taking 2% off each fare as the basket method has been used this time which means every fare must be amended then cross-checked against every other fare offered in the same basket.

    Who will end up paying for the fares to be recalculated?
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 348.6K Banking & Borrowing
  • 252.2K Reduce Debt & Boost Income
  • 452.5K Spending & Discounts
  • 241.3K Work, Benefits & Business
  • 617.8K Mortgages, Homes & Bills
  • 175.8K Life & Family
  • 254.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 15.1K Coronavirus Support Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.