Brief by Shorts91 Newsdesk / 07:32pm on 22 Dec 2023,Friday International
The Department for Transport has announced a 4.9% increase in regulated rail fares in England from March 3, 2023. While it represents a rise, it is lower than the previous year's 5.9%. Described as a "significant intervention," the adjustment aims to balance supporting the financially struggling rail sector without burdening passengers. Transport Secretary Mark Harper emphasizes the importance of adapting to changed working patterns post-pandemic. This comes on the day when The Office for National Statistics estimates that UK GDP fell by 0.1% in the third quarter of 2023, signalling The UK economy is on the brink of recession.
