How much rail fares will increase in March 2023 and why prices are rising

Train ticket prices in England and Wales will increase by an average of 5.9% on Sunday 5 March 2023

found that this was the largest annual rise since a 6.2 per cent jump in 2012.Woking to London: Up £216 from £3,664 to £3,880Gloucester to Birmingham: Up £274 from £4,636 to £4,910Northern IrelandAbout 45 per cent of fares on Britain’s railways are regulated by the Westminster, Scottish and Welsh Governments.

Train operators set unregulated fares, although their decisions are heavily influenced by governments due to contracts introduced because ofAnnual increases in fares used to be implemented on the first working day of each year, but have been delayed since the start of the pandemic.Why are train ticket prices rising?

Instead, the DfT opted to align the figure with last July’s average earnings growth “for this year only”, reflecting the unusually high inflation figures and ongoing UK cost of living crisis.

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