Rail fares to rise further as strike action continues with ‘whopping’ increases expected | Personal Finance | Finance

Laura Suter, the head of personal finance at AJ Bell, voiced her concern over the future rate hikes.

She explained: “This year the Government has delayed the fare increases from January until March, to give commuters a bit more breathing space before ticket prices are hiked.

“The Government faces the difficult balancing act of hiking prices sufficiently, without putting off commuters by increasing fares too much.

“It is worth remembering Government regulation only covers around half of all tickets, including season tickets, so rail passengers using other tickets could still see whopping, inflationary-level increases.”

Check Also

‘Very important’ tax warning as ISA allowance could increase to £30,000 a year | Personal Finance | Finance

The Government could hike the ISA allowance to £30,000 a year as ministers are said …