The Rail Delivery Group (RDG) said that train fares in Britain will rise by an average of 3.4% in January and will come into effect on 2 January.
It is said to be the largest fare hike for the passengers in five years , earlier the prices increased by 3.9% in 2013.
One in nine trains failed to meet the rail industry’s punctuality target in the past year. This indicates that the commuter service trains arrived more than five minutes late at the terminating station and the long-distance journeys were over 10 minutes late.
Mick Cash, Maritime and Transport (RMT) union’s general secretary said that for public sector workers and others in the community had their pay and benefits capped or frozen by the government. The fare increase will be lead to another twist in the economic knife.
Transport Focus revealed that only 47% of the passengers were satisfied with the value for money of train tickets.
RMT research showed that the rail fares rose twice as much considered to the people’s wages since 2010. The rail prices had increased by 32 % but the average weekly earnings increased by 16%.
For every pound spent on fares more than 97p is put back to improve the run the railway.
Chief executive Paul Plummer said that the fare increase is controlled by the government while the rest is influenced by the payments train companies make as a part of contracts to run franchises.
The investment from public and private sectors and the money from fares has underpinned the partnership railway’s long-term goals.
July’s retail prices index was used by the Government to measure the inflation and determine increases in regulated fares that came around 3.6%.
