General election 2017: Labour says it would cut rail fare rises


Woman buying rail ticketImage copyright Getty Images

Labour is promising to save money for rail commuters by changing the way fare increases are calculated.

The party says the move would save an average rail season ticket holder £349 a year by 2022.

It said the change could be funded by the “absolute fortune” saved by bringing the railways back into public ownership.

But the Tories said nationalisation would add billions to the UK’s debt or lead to an increase in taxes.

“It’s yet more economic shambles from Labour,” a spokesman said.

Labour’s plan for ticket prices would apply to regulated fares, which account for about 40% of all fares, including most season tickets.

These are currently capped at the retail price index (RPI) measure of inflation, and Labour says it instead use the lower consumer price index (CPI) rate.

Its pledge would apply in England, as the setting of regulated fares is devolved.

Shadow transport secretary Andy McDonald told BBC Breakfast the “very significant difference” between the two measures would have a “huge impact”.

Once the network returned to public ownership, Labour would “start exploring a reduction in fares”, he said.

Paul Plummer, chief executive of the Rail Delivery Group, representing train operators, said politicians had to decide on the balance between taxpayers and passengers funding the railways.

He defended the current franchising model, saying it had led to a £2.2bn improvement in rail finances.

View the original article: http://www.bbc.co.uk/news/election-2017-40116533

The Conservative are promising what they call the “largest investment in railways since Victorian times”, focusing on increasing capacity on key routes.

In the same category are

Royal baby: William and Catherine’s third child due in April Media playback is unsupported on your device Media captionThe Duchess of Cambridge and Paddington danced on MondayThe Duke and Duchess of Cambridge'...
Mike Samwell death: Stolen car ‘driven backwards and forwards’ over victim Image copyright GMP Image caption Former submarine officer Mr Samwell died in hospital from his injuries on 23 April An ex-Royal Navy officer was ...
Kent fire service’s Dirty Dancing parody is a hit Media playback is unsupported on your device Media captionKent firefighters in Dirty Dancing parodyA fire safety video featuring a Dirty Dancing-ins...
Elderly couple robbed in ‘Ophelia scam’ Image copyright Google Thieves stole a "substantial quantity of cash" from an elderly couple's home by pretending to be police officers. The two thi...
Syria war: US-backed forces ‘fully control’ Raqqa Image copyright AFP Image caption The official declaration that Raqqa has been "liberated" is expected soon A US-backed alliance of Syrian Kurdish...
Ghost of boy ‘seen at Bolsover Castle in Derbyshire’ Image copyright English Heritage Trust/PA Image caption English Heritage staff said they saw a ghost of a little boy at Bolsover Castle A castle w...

Dont forget to “Like” us on Facebook


Need something to share, visit our sister site for the

‘News in the last 30 days”

in a clear concise package ….

 

If you are an artist or interested in art, visit our art website and read about todays artscene and browse some of our artist profiles

 

Comment on this story