Rail fares increasing at double speed of wages, new report warns
‘Rail fares have increased at double the speed of wages since 2010, according to analysis.
Research by the TUC and the Action for Rail union campaign showed that fares have risen by 25% in the last six years, while average weekly earnings have grown by 12%.
The findings come as the Government is set to announce another round of regulated rail fare increases for the coming year.
The rise will be linked to July’s Retail Price Index measure of inflation, which will be confirmed at 9.30am. June’s figure was 1.6%.’
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