Train fares up to ‘buy new stock’

Midweek Sport - - NEWS -

TRAIN fares are set to rise by an av­er­age of 5.9 per cent in the New Year, the As­so­ci­a­tion of Train Op­er­at­ing Com­pa­nies (ATOC) has con­firmed.

In last month’s Au­tumn State­ment, Chan­cel­lor Ge­orge Os­borne capped fare in­creases at 6%.

Rises are linked to July’s in­fla­tion, ac­cord­ing to the Re­tail Prices In­dex.

ATOC ex­plained in­creases would pay for “new trains, faster ser­vices and bet­ter sta­tions”.

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