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Rail Travel Costs will Increase on Average by 8 Percent Next Year
08/09/2011
It was recently reported that rail fares are set to rise by an average of 8% next year.
The RPI (retail price index) for July was published at 5%. Train companies have been given the authority to increases their prices by up to RPI plus 3%, where previously they were only allowed to increase their prices by RPI plus 1%.
This figure only applies to the average price of train fares. Companies are expected to put up the price of heavily used rail services by up to 13%, by enforcing smaller price increases elsewhere.
This impacts commuters by further reducing their consumer spending power. Due to increases in energy and food prices households are becoming less and less wealthy.
Homeowners aged over 55 years who are worried about the cost of travel 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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