Rail fares are going up yet again
On 13 August the inflation figure will be announced that will be used to calculate increases to regulated rail fares, like season tickets, from next year.
From January 2014, your rail fares are likely to increase from 4% to 9%. Well ahead of your pay packet. Another squeeze on your living standards in these difficult times.
Since the crash in 2008, rail fares have increased three times faster than average earnings.
At the same time, private train companies continue to hoover up public subsidy, while paying out handsome dividends to their shareholders and cutting staff on your trains and stations.
Something is clearly wrong with the system.
It doesn’t have to be like this
Publicly owned railways in Europe cost less to run with lower fares. And every penny made on the railways gets reinvested for the benefit of passengers and taxpayers, not shareholders.
Our research shows that £1.2bn a year is squandered through the fragmentation, inefficiency and cash leaking out of the service in the form of profits and dividends as a result of rail privatisation.
That’s enough to fund an 18% cut in fares.
Public ownership of Britain’s railways could mean lower fares and your money invested in staff and services. That’s not only good for passengers and taxpayers but also our economy and our environment.
Take action now
Email your MP – ask them to support a railway that puts passengers and taxpayers first.
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