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Final yr, the federal government carried out a 5.9% enhance in nationwide rail fares, which fell wanting July 2022’s RPI determine of 12.3%. Regardless of this, it marked the biggest hike since 2012, as reported by the Workplace of Rail and Highway.
In a current announcement, Transport Scotland revealed plans for an 8.7% enhance in rail fares throughout Scotland ranging from April subsequent yr. The Scottish authorities cited the present costs as “merely not sustainable.”
This fare adjustment will impression all companies operated by ScotRail, together with the Caledonian Sleeper practice.
Transport Secretary Mark Harper characterised the 4.9% rise as a “vital intervention by the federal government to cap the rise in rail fares beneath final yr’s rise.”
He additional defined, “Modified working patterns after the pandemic signifies that our railways are nonetheless dropping cash and require vital subsidies, so this rise strikes a steadiness to maintain our railways working, whereas not overburdening passengers.”
Keep tuned for extra insights and methods on managing these modifications from MoneyMagpie.
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