Rail fares are greater now, in real terms, than they were near the end of the 20th Century.Jump to full report >>
Rail fares are greater now, in real terms, than they were near the end of the 20th Century. In January 2013 fares across all operators are 23% higher than they were in January 1995. Prices have risen fastest amongst long distance operators.
In 2014 regulated fares will be allowed to rise, on average, by inflation. Between 2004 and 2013 real terms increases in regulated fares were allowed.
Passenger revenues have increased significantly since privatisation, and in 2012/13 totalled £7.7bn, roughly 150% greater, in real terms, than in 1994/95.
Commons Briefing papers SN06384
Author: Matthew Keep