Skip to content
CityAM
Main navigation
  • News
    • News
      • Latest Business News
      • Economics
      • Politics
      • Tech
      • Banking
      • FTSE 100 Live
      • Retail
      • Insurance
      • Legal
      • Property
      • Transport
      • Markets
    • From our partners
      • AON
      • Bayes Business School
      • Canada BIDs
      • Central London Alliance CIC
      • Destination City
      • Halkin
      • Olympia
      • Inside Saudi
      • Tottenham Hotspur Stadium
      • Santander X
      • YEAR SIX Dividend
    • Featured

      Strait of Hormuz closed over ceasefire violations, says Iran

      Aerial view of ships navigating the strategic Strait of Hormuz, highlighting its importance to global maritime trade routes

      Submit a story

      Tell us your story.

      Submit
  • Opinion
  • Sport
    • Latest Sports News
      • Sport
      • Sport Business
    • From our partners
      • The Morning Briefing: SBS x CityAM
      • Aramco Team Series
      • LIV Golf
    • Featured

      Platitudes in women’s sport are empty, patronising and offensive

      Business professionals in a conference room discussing strategy with a presentation screen displaying key market trends.

      Submit a story

      Tell us your story.

      Submit
  • Life&Style
    • Life&Style
      • Life&Style
      • Toast the City Awards
      • The Magazine
      • Travel
      • Culture
      • Motoring
      • Wellness
      • The RED BULLETiN
      • Do it with Shared Ownership
      • Media Speak Hub
    • Featured

      Fogo de Chao nominated for Best Casual Dining Toast award

      Fogo de Chão restaurant exterior with vibrant signage and bustling entrance at popular city location

      Submit a story

      Tell us your story.

      Submit
  • Investec
  • Events
  • Latest Paper
Sunday 03 March 2024 2:28 pm

‘Outrageous’ rail fare hike slammed amid soaring cancellations and strikes

By: Guy Taylor

Transport Reporter

Add as a preferred source on Google
An inflation busting 5 per cent hike in rail fares has been dubbed "outrageous" amid soaring cancellations and ongoing industrial action.
Fares have risen continuously in recent years despite Britain's railway network going through one of the most turbulent times in its history.

An inflation-busting five per cent hike in rail fares has been dubbed “outrageous” amid soaring cancellations and ongoing industrial action.

Sunday’s increase is above the current inflation rate of four per cent and comes in contrast with policy in London, where public transport fares have been frozen for the current year.

Fares have risen continuously in recent years despite Britain’s railway network going through one of the most turbulent times in its history.

Cancellations have risen to the highest levels in a decade and the industrial dispute with unions has raged for well over a year.

A 5.9 per cent rise in rail fares in March last year was the largest increase in history.

Louise Haigh MP, Labour’s Shadow Transport Secretary, said the fare rise would be “tough for passengers to stomach given the shocking state of rail services up and down the country”.

She added: “Since coming to power in 2010 the Tories have hiked fares by almost twice as much as wages, and now passengers are being asked to pay more for less.

“Cancellations are at their highest ever levels, the biggest wave of industrial action in decades is causing chaos on the network, and failing operators continue to be rewarded with millions of pounds in fees.”

Read more

Wizz air urges Brits to ‘book with confidence’ despite rising fuel fears

Wizz Air was named as the UK's worst airline for delays three years in a row.

Maryam Eslamdoust, general secretary of the rail and transport union TSSA, described the hike as “outrageous,” with it adding “hundreds of pounds to annual travel costs for many commuters”.

“It’s as though the government is unable to see further than the demands of the profiteering rail companies who will again be the only winners,” she added.

Analysis from the Campaign for Better Transport estimates the rise will leave passengers an extra £300 out of pocket for season tickets on popular routes, including Canterbury or Brighton to London.

But the government argues that the increase strikes the right balance between keeping the cash-strapped rail sector running, while not forcing passengers onto the road.

Transport Secretary Mark Harper said in December after the rise was announced: “Having met our target of halving inflation across the economy, this is a significant intervention by the government to cap the increase in rail fares below last year’s rise.

“Changed working patterns after the pandemic means that our railways are still losing money and require significant subsidies, so this rise strikes a balance to keep our railways running, while not overburdening passengers.”

In January, the Mayor of London Sadiq Khan announced fares on the London Underground, overground and buses would be frozen until March 2025.

Khan is also trialling off-peak Friday’s until May in a bid to boost ridership on the Transport for London (TfL) network.

Read more

Air fares to soar again if fuel costs stay high, British Airways chief warns

British Airways (Photographer: Luke MacGregor/Bloomberg via Getty Images)

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business
  • Transport & Infrastructure

Related Topics

  • Network Rail
  • Strikes

Trending Articles

  • As it happened: Stocks sink after Fed and Bank of England opt for hawkish hold; Oil price tumbles

  • FTSE 100 Live: Pound dips and stocks slip as Andy Burnham victory triggers political uncertainty

  • City investors raise alarm on Burnham’s Chancellor pick

  • Inheritance tax enquiries surge to six-year high after HMRC clampdown

  • More Big Four blues as Deloitte plans to slash UK audit roles

More from CityAM

  • Wizz air urges Brits to ‘book with confidence’ despite rising fuel fears

    Transport & Infrastructure
    Wizz Air was named as the UK's worst airline for delays three years in a row.
  • Air fares to soar again if fuel costs stay high, British Airways chief warns

    Business
    British Airways (Photographer: Luke MacGregor/Bloomberg via Getty Images)
  • Soaring petrol prices and Devil Wears Prada 2 help consumer spending return to growth

    Economics
    Supermarkets have been accused of hiking petrol prices to artificially high levels
  • Flying at Heathrow will cost ‘significantly more’ due to third runway bid

    Transport & Infrastructure
    Heathrow and several European airports are suffering from a cyber attack.
  • Gold prices glitter amid geopolitical uncertainty

    Investing
    Gold jewelry displayed in Indian market as gold price hits record $5,097 amid Trump tariff turmoil and investor demand
  • Inflation drops as Labour subsidies delay price surge 

    Economics
    Rachel Reeves
  • Housing market ‘still in grip’ of Iran war slump

    Property
    The price paid for first homes has surged 7.1 per cent in a year
  • ‘Obscene’ – HS2 on track to cost at least £102bn as minister slams ‘gold-plated folly’

    Transport & Infrastructure
    HS2 construction progress at Birmingham station with cranes and workers, highlighting UKs high-speed rail project development

CityAM Canada — business, markets and opinion for Canadian readers.

Sections

  • Business
  • Markets
  • Tech
  • AI
  • Economics
  • Opinion
  • Cities

Company

  • About
  • Contact

Legal

  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 CityAM Canada. All rights reserved.
Terms · Privacy · Cookies