The Department for Transport (DfT) aligned this year’s cap on train fare increases with Britain’s average earnings growth.
English rail fares will rise by up to 8% in 2024 if the Government uses the same formula as this year, new figures show.
Figures published by the Office for National Statistics on Tuesday show the same measure for July 2023 was 8%. Norman Baker, director of external affairs at pressure group Campaign for Better Transport and former Liberal Democrat transport minister, said: “The Government has yet to confirm next year’s rail increase, but if it follows the same formula as last year and uses today’s average earnings growth rate, passengers will face eye-watering increases.
“Any increase will also be delayed until March 2024, temporarily freezing fares for passengers to travel at a lower price for the entirety of January and February as the Government continues with its plan to halve inflation.”
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