Following the Government confirming that regulated fares for passengers, such as season tickets, would fall last January, travel watchdogs have warned that train operators will try and regain their losses through other measures, reports Times online. These other measures to recoup their revenue - so-called ’stealth charges’ - include increasing the cost of parking and advance fares.
These warnings have shown substance following the First Great Western train company announcing rises of up to 20% on some off-peak services. Regulators do not monitor these off-peak services so there are no limits as to how much fares can be raised.
The fare reductions for regulated fares have been hailed as the first ‘in a generation’, and aim to encourage more people to use train travel and avoid more environmentally damaging means of transport, like cars. Some companies have been allowed to increase prices; West Yorkshire PTE will increase fares to enable investment in additional trains. London’s mayor, Boris Johnson, has been put under pressure from requests for more funding to British transport to cover the ‘black hole’ of investment there; this will make it difficult for Johnson to freeze fares for Underground and bus networks, which he controls. Boris promised in December that a ‘reduction (in RPI) will, of course, be fully reflected in the fare package’, a proposal that will come under a lot of strain.
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Tags: Environmental, Inflation, Payday Loans, Train Fares
