The DfT is planning to tighten the rules on increasing regulated train fares in England.
The Government currently imposes a cap of RPI+1% on how much the basket of regulated train fares can rise by each year. But, under a policy known as ‘flex’, train operators can raise individual fares by much more. The flex is currently set at 5%, meaning that individual fares can rise by RPI+6% in any one year (RPI+1% + 5%).
The DfT is commissioning a study of the ten-year...
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