Train fares up to ‘buy new stock’
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”.