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The Independent UK

Business

Neil Lancefield

Train fares and railcard price increase: What you need to know

Rachel Reeves Budget Westminster

A train pulls into a station platform - (PA Wire)

The cost of regulated train fares in England will increase by up to 4.6% next year and the price of most railcards will rise by £5, the Government announced on Wednesday.

The increase in fares is one percentage point above July’s Retail Prices Index (RPI) measure of inflation, which until 2023 was used by Westminster governments to set the cap on annual rises in regulated fares.

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