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RMT helpline 0800 376 3706 :: july/august 2017 :: RMTnews
8
CUT FARES
NOT GUARDS
Rail fares rising almost twice as fast as wages but
cuts mean passengers are paying more for less
Rail fares have increased at
twice the speed of wages since
2010, according to new analysis
released by the union as the
government announced the
latest fare hike of 3.6 per cent.
The analysis shows that rail
fares have risen by around 32
per cent in eight years, while
average weekly earnings have
only grown by 16 per cent.
The latast fare hike
announced this month means a
minimum of an extra £337
million in revenue for the
private Train Operating
Companies.
According to the ORR, train
companies collected £9.384
billion from fares in 2015-16.
This is the most recently
available figure.
Only regulated fares will go
up by 3.6 per cent, unregulated
fares will go up by more which
is why the £337 million is a
minimum.
The rises mean for example