Rail fares have increased at double the speed of wages since 2010, according to new analysis released today (16 August 2016)) by the Trades Union Congress (TUC) and the rail unions’ Action for Rail campaign.
The analysis shows that rail fares have risen by 25 per cent in the last six years, while average weekly earnings have only grown by 12 per cent.
As fares for passengers rise, dividends paid to shareholders of private train companies have risen by 21 per cent in the last year to £222 million .The findings come as the government is set to announce another round of regulated rail fare increases for the coming year.
Rail unions and campaigners this morning unfurled a banner at London Bridge Station protesting about the fare increase and calling for public ownership of the railways. Similar protests will take place at various stations across the UK.
Commenting on the analysis, the TUC General Secretary Frances O’Grady said: “Rail passengers are paying more and getting even less. Fares go up while trains remain overcrowded, stations are unstaffed, and rail companies cut the guards who ensure journeys run smoothly and safely.
“Enough is enough. It’s time for rail services to be publicly owned, saving money for passengers and taxpayers alike. Instead of increasing fares and cutting staff, we should be building an accessible, reliable train service that Britain can be proud of.”
* TUC https://www.tuc.org.uk/
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