LondonNet : Latest News Headlines
| 02/01/07 |
| Rail Companies Spring New Year Surprise - Train fares are increased by 7.3%  LONDON's commuters are set to see their resilience tested once again as rail fares are increased by up to 7.3%.The increase - three times the rate of inflation - came in to effect at the beginning of the month. Rail operators throughout the UK have taken the chance to stoke up revenues in an attempt to address the massive investment each is committed to making over the coming years. Fares on the Heathrow Express and Gatwick Express, for example, have gone up by 7.3%, as private rail operators seek to maximise returns. Elsewhere the 40 per cent of rail fares controlled by the Department of Transport rose by an average of 4.3%. On the tube and buses the bulk of the increases will be for those who fail to use the newly introduced Oyster Cards. Responding to criticism that this will hit tourists hardest, Transport for London has promised to unveil a series of visitor friendly Oyster options over the next few months. |
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