Public ownership could cut rail fares

Rail fares have risen by 25% since 2010, nearly three times faster than wages, which went up by 9% over the same period, according to the TUC and the rail unions’ Action for Rail campaign.

The government has announced plans to cap annual increases in regulated fares at the Retail Price Index (RPI), but that will cost tax-payers around £700 million over the next five years, when £1.5 billion could be saved if routes were returned to the public sector, campaigners say.

https://www.tuc.org.uk/economic-issues/economic-analysis/industrial-issues/transport-policy/rail-fares-have-risen-25-cent