News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Politics

Government to hike rail fares to ease Covid woes

The move will add almost £80 to the cost of an average £3,064 full-time annual season ticket favoured by commuters in London and the surrounding regions

Passenger on the London Underground wears a surgical mask during the Coronavirus pandemic in London on March 12, 2020 in London. The Department for Transport (DfT) said on 16 December that regulated fares, including season tickets, will rise by an average of 2.6% from March 2021.
Passenger on the London Underground wears a surgical mask during the Coronavirus pandemic in London on March 12, 2020 in London. The Department for Transport (DfT) said on 16 December that regulated fares, including season tickets, will rise by an average of 2.6% from March 2021. Photo: Getty Images

Rail fares across England will increase above the rate of inflation from next year, as commuters are asked to help shoulder the burden from taxpayers for post-pandemic life.

The Department for Transport (DfT) said on 16 December that regulated fares, including season tickets, will rise by an average of 2.6% from March 2021. This is 1% higher than July’s 1.6% inflation figure, which has served as a cap on price rises following a 2014 commitment by the Conservative Party to use the benchmark.

WSJ Logo