Are rail fare increases offering good value for money?
Based on yesterday’s RPI figure for July, regulated rail fares in England will rise by 6.2% on average. Oxera discussed this issue in an Agenda article last year, when the RPI + 3 fares policy was first expected to be used to set regulated fares in January 2012. Ultimately the policy was revised back to the previous position of RPI + 1 in last November’s Autumn Statement. Read More