Monday, 23 October 2017

New cap on rail fares

THE maximum annual increase in rail fares from Henley is to be reduced under a new government cap.

THE maximum annual increase in rail fares from Henley is to be reduced under a new government cap.

At the moment, train operators can raise the price of season tickets on individual routes by up to six per cent above inflation.

This is as long as regulated fares across their networks rise on average by no more than one per cent above inflation.

But next year, the Government will limit the maximum rise of any regulated fare to a maximum three per cent above inflation.

This means First Great Western, which runs trains between Henley and Reading, Oxford and London Paddington, will only be able to raise prices by up to 6.1 per cent.

As the Henley Standard reported in August, fares across the company’s network are to rise by at least 4.1 per cent.

If it chose to apply the new maximum increase, the cost of a season ticket from Henley to Paddington would go up from £3,388 to £3,595.

In recent years, however, First Great Western has only applied the minimum increase.

Last week, the company signed a contract to continue running the Henley branch line until September 2015.

The company said this week that no decision had been made on next year’s fare rises.

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