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Brussels Trying to Raise Train Fares by 50 Percent
02/09/2011
The European Commission is trying to force through plans that could see train fares in the UK rise by up to 50%, with the new rules being proposed passengers will have to pay the full cost of rail travel rather than benefit from Government subsidised fares.
This will free up £4billion of taxpayers' money.
Brussels is also recommeding that road charges are increased which will influence traffic and travel behaviour.
Rail fares in the UK have already risen by 6.2% this year and are expected to continue to rise above the level of inflation over the next few years.
Homeowners aged over 55 years who are worried about increasing transport costs and would like to know how much money the value of their property could release to increase their income, can find out by contacting therightequityrelease.co.uk for equity release advice.
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