Season ticket fares could rocket by up to 4.8% next year, new analysis by Labour has shown – the biggest increase in a decade.
Passengers were hit with a 2.6% increase on the cost of train travel from March 1 2021. But new Retail Price Index (RPI) figures released today show the already eye-watering cost could rise by another 4.8% next January, if the Government continues to use RPI plus 1% as its basis for ticket price increases.
Labour has analysed costs on more than 180 train routes since the Conservatives came to power and the projected new prices that will be implemented in 2022.
The average commuter faces paying £3,295 for their season ticket – £1101, or 50% more, than in 2010.
New figures released today by Labour show:
- Average fares will rise to 50.35% more than they were in 2010.
- That some commuters will be paying over £4,000 more to travel to work than in 2010.
- The highest increase is projected to be on a season ticket between Birmingham and London Euston which will have risen by £4,016 since 2010 and now costs £12,044.
- The biggest percentage increase identified was between Thame Bridge Parkway near Walsall and Nuneaton, where the cost of an annual season ticket will have risen by 71 per cent since 2010.
- In Boris Johnson’s Uxbridge constituency the cost of an annual season ticket from West Drayton to London Paddington has risen by £736 since 2010.
- Average fares have risen nearly three times faster than wages.
Jim McMahon MP, Labour’s Shadow Transport Secretary, said:
“Rail travel has long been unaffordable for many people, thanks to the Conservatives prioritising the profits of private companies over passengers.
“This would be yet another eye-watering hike hot on the heels of the failure of the Government’s so-called money saving flexi ticket scheme.”