The cost of sky-high rail fares could rocket by a further 8 percent in 2024. If the government is using the same formula this year, travellers and commuters will be hit.
This would be the highest annual increase since at least 1996, when Britain's railways were privatised.
The Department of Transport admonished the cap on this year's fare increases with the average earnings growth for July 2022, which was 5.9 percent. The Office for National Statistics yesterday published the same survey of the same measure for July 2023, which was 8 percent.
The DfT has previously confirmed that next year's fare rises will be below the Retail Prices Index measure of inflation for July - which was 9 percent - but has not announced what formula it will use. The airline's annual ticket prices from Woking to London would rise by £310 to £34,190.