Today news
About the same in other media
20.12 - 15:57
17.12 - 14:57
Ministers postponed announcement of fares increase after backlash to rail plan
Reading now: 847
An announcement that rail fares will rise by 3.8% in March was postponed by ministers last week after the furious backlash over downgraded government plans for rail investment in the north.
The fare rise for England and Wales, not yet publicly confirmed but contained in leaked papers seen by the Guardian, will be the biggest in nine years.
The rise is pinned to the retail prices index (RPI) inflation figure from July, and ministers have in the past attempted to portray the annual increase as a real-terms freeze.
Ministers were due to announce the rise last Friday. However, government spinners advised against releasing the news after the overwhelmingly negative public reaction to the Integrated Rail Plan,unveiled by the transport secretary,
Read more on theguardian.comAbout this in other media
Expect mass staff absences and major shortages, UK ministers told theguardian.com /2 years ago
Dogecoin value jumps 20% on Elon Musk's announcement of accepting it as payment for Tesla merchs moneycontrol.com /2 years ago
Solana on-chain development increases after a recent DDoS attack cointelegraph.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
