Money Wellness

cost of living

Published 31 Oct 2024

3 min read

Train tickets to go up next year

Regulated train fares will rise by 4.6% from 2 March 2025, with most railcards increasing by £5.

An illustration of people waiting for a train on a platform.
Michelle Kight - Money Wellness

Written by: Michelle Kight

Financial content writer

Published: 31 October 2024

What are regulated fares?

Regulated train fares are prices set by the government or a regulatory body for specific train services.

Around 45% of rail fares are regulated in England, Wales and Scotland. The changes will only apply in England.

The increase mainly affects:

  • season tickets for most commuter routes
  • some off-peak return tickets for long-distance trips
  • flexible tickets for travel between major cities

Train operators can set prices for unregulated fares, which often follow similar trends.

Unregulated fares include:

  • first-class
  • advance
  • off-peak day
  • anytime tickets

What does this mean for passengers?

The 4.6% increase is above July's retail prices index (RPI) inflation, which measures the rate at which the prices of goods and services typically bought by households increase over time. The government claims it’s the lowest rise in three years.

But the Campaign for Better Transport calls it unfair, especially for those on low incomes.

They argue that raising fares while keeping fuel duty frozen sends the wrong message.

Rail Partners, which represents private rail companies, says passenger numbers should be boosted rather than passing higher costs to current travellers.

Their chief executive, Andy Bagnall, believes lower fares could help ensure the sector’s long-term health.

How to buy cheap train tickets

Train tickets can really add up, whether you’re travelling to work, going out, or visiting loved ones.

Here are some tips to help you find the best deals:

Michelle Kight - Money Wellness

Written by: Michelle Kight

Financial content writer

Michelle is a qualified journalist who spent over seven years writing for her local online newspaper. Having grown up in some of the North West’s most deprived areas, she has a first-hand and empathetic understanding of what it means to face serious money worries. With a strong interest in mental health issues, she is a keen advocate of boosting the accessibility of financial wellness services.

Published: 31 October 2024

The information in this post was correct at the time of publishing. Please check when it was written, as information can go out of date over time.

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Michelle Kight - Money Wellness

Written by: Michelle Kight

Financial content writer

Published: 31 October 2024

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