COMMUTERS will face an increase in rail fares from next week
COMMUTERS will face an increase in rail fares from next week.
The cost of travelling on the First Great Western network, which links Henley with London, Oxford and Reading, will rise from Thursday.
An annual standard-class season ticket to London will cost £3,492, an increase of 3.07 per cent, or £104.
Making the same journey via Reading will cost £3,492, a saving of £463. An annual season ticket to Oxford will rise from £2,688 to £2,772 and a ticket to Reading will rise from £992 to £1,064.
The price of season tickets is regulated by the Government. Next week?s increase was due to be one per cent above July?s retail price index of 3.1 per cent but Chancellor George Osbourne decided the increases should instead be in line with inflation.
Train operators are free to raise certain fares above the average as long as they reduce others to compensate.
Mark Hopwood, managing director of First Great Western, said: ?I am delighted to say that all of our fares will be kept in line with inflation at 3.1 per cent.
?The money raised by government through fares ensures investment in more trains, better stations and faster services. However, anything that reduces the cost of price rises is good news for customers and the industry as a whole.?
The changes affect advance purchase, season tickets, anytime, off-peak and super off-peak tickets.