Rail fares for 2018 published
On average, train fares will increase by 3.4% from 2 January 2018, below the regulated fares increase (3.6%, July RPI) and current inflation (4%, October RPI)
- Britain’s partnership railway is doing more to keep down the cost of travel
- 26-30 railcard trial launches tomorrow
- more railcards going digital
- cheap advance fares now available on the day
- Last year, private investment in rail - £925m - was the highest in a decade while government support for the rail industry was at a record low
- £2.2bn transformation in day-to-day running costs underpins long-term plan to improve the railway for customers, the economy and communities, with many services set to be transformed in the next 18 months alone
Train fares will go up on average by 3.4% next year, train companies have confirmed.
The average overall increase covers all national rail fares with effect from 2 January 2018 and is below the regulated fares increase of 3.6%, which was July’s RPI measure.
People can find the new fares and buy tickets online and at ticket offices from today (5 December).
Over 97% of money from fares goes back into improving and running the railway, underpinning the rail industry's long-term plan to work together to change and improve services for customers, the economy, communities and people who work in rail.
In the next 18 months alone, this plan will see services in many parts of the country transformed with more trains, better services and improved stations. This includes Crossrail, Thameslink, Edinburgh-Glasgow, Great Western, Waterloo and the South West, and upgrades in the Midlands and the North.
Investment in rail is supported by a transformation in rail finances over the last 20 years from a £2bn deficit in 1997-98, footed by the taxpayer, to a £200m surplus.
Paul Plummer, chief executive of the Rail Delivery Group which brings together train companies and Network Rail to enable a better railway, said:
“Government controls increases to almost half of fares, including season tickets, with the rest heavily influenced by the payments train companies make to government. Alongside investment from the public and private sectors, money from fares is underpinning the partnership railway’s long-term plan to change and improve. Working together, our plan will secure £85bn of additional economic benefits while enabling further investment and improved journeys for customers, better connections to boost local communities and a bright future for our employees."
Rail companies are working together to deliver more than £50billion of improvements, including private sector investment of £11.6billion on 5,700 new train carriages by 2021.
To find out more about the work to upgrade Britain's railway go to www.britainrunsonrail.co.uk.
Notes to editors
Working together, the partnership railway of the public and private sectors has published a long-term plan, called In Partnership for Britain’s Prosperity, to change and improve Britain’s railway. The plan will secure almost £85bn of additional economic benefits to the country, while enabling further investment and improvement, and contains four commitments which will see rail companies: strengthen our economic contribution to the country; improve customers’ satisfaction; boost the communities we serve; and, create more and better jobs in rail.
97p in every pound goes back into running and improving the railway
Changes to overall average fares:
Nearly half (46%) of all passenger revenue in 2016-17 came from discounted tickets, up from 39% ten years ago, whilst the proportion of passenger journeys on discounted tickets has also increased.
There were 1.7 billion rail passenger journeys, more than 4.5million a day, across Britain in 2016-2017.
The Office for National Statistics latest measure for UK business (excluding finance) profitability is 12.6% (see April to June 2017).