TUC finds rail fares have risen over twice as fast as wages in past decade

By agency reporter
August 15, 2018

Rail fares have increased at more than twice the speed of wages since 2008, according to new analysis released on 14 August 2018 by the Trades Union Congress (TUC).

The figures show that rail fares have risen by 42 per cent over the past ten years, while nominal weekly earnings have only grown by 18 per cent.

The findings come as the government announces another year of larger than inflation increases for season ticket holders.

TUC analysis published in January showed that UK commuters spend up to six times more of their salary on rail fares than other European passengers.

Despite months of cancellations and delays, private train companies paid out at least £165 million in dividends to their shareholders. The taxpayer handed £3.5 billion to these companies last year (2016/17).

TUC General Secretary Frances O’Grady said: “UK commuters are paying through the nose for overcrowded and understaffed trains. The last thing they need is another inflation-busting fare increase.

"Our railways need urgent investment. But private rail companies are being allowed to prioritise shareholder profits over improving services.

“It’s time for Britain’s railways to be publicly owned. This would free up money for much-needed upgrades and lower ticket prices.”

* Trades Union Congress https://www.tuc.org.uk/


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