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Rearranging cancelled train journeys

We prefer to travel by train rather than air within the UK and want to pre-book a journey in October.  As pensioners we can be flexible if trains are cancelled on a specific day.  However, there is a significant risk of a strike or other disruption.   Are we right that if no feasible train was available within a time window, we would have to take a refund and re-book at twice the price?  Also, when there is disruption, seat reservations are often cancelled and we do not fancy standing for 4+ hours.  Would we be wiser to forgo our environmental principles and fly, since consumer rights are clearer and stronger?

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