Train fares set to increase to highest in 5 years, figures reveal
The Government links the annual January rise in Britain's regulated fares with the previous July's Retail Price Index (RPI) measure of inflation, which will be announced by the Office for National Statistics (ONS) at 9.30am.
It is predicted to be around 3.5 per cent, leading to the highest increase in fares in five years.
Regulated fares make up almost half of all tickets and include season tickets and standard returns.
Fewer than half (47 per cent) of passengers are satisfied with the value for money of train tickets, according to the latest survey by passenger watchdog Transport Focus.
It has been the policy of successive governments to reduce the funding of the railways by taxpayers and increase the relative contribution of passengers.