Train fares cost more under the privatised rail system than they did under British Rail, it has emerged.
The finding undermines the key justification for the Government selling off the railways 12 years ago. John Major, who was then Prime Minister, promised that privatisation would mean lower fares.
However, a study has found that, taking inflation into account, from next month the average price of regulated fares – which include season tickets and saver fares – will be 0.6 per cent higher than in 1997. On some routes the rise will have been as high as six per cent.
Anyone care to tell me what the rise in passenger numbers has been?
I seem to recall that it\’s something like 50%.
So we\’ve a system which has seen a 50% rise in use and fares have risen 0.6%?
And this is a problem? I\’d say it was rather a success actually, put in only those terms.
If there\’s been a huge rise in demand for something, something of which there is a limited supply, you\’d expect price rises to be rather more than that, wouldn\’t you?