Labour promises to cap rail fares

The Labour Party has promised to cap any increase in rail fares and make it easier for customers to buy the cheapest ticket available.

It's not clear yet what the cap would be.

This comes as commuters face an average 4.1 per cent jump in regulated fares next year to pay for investment in the rail network. Regulated fares refers to those under government control, and would include season tickets.

Average fares will go up by inflation - as measured by the retail price index (RPI) - plus one per cent. The RPI for July reported this morning was 3.1 per cent.

Labour has said that those travelling on the busiest lines could be hit by fare increases as high as 9.1 per cent.

The news resulted in resignation from some and outcry from others. The TUC said that regulated fares will have increased by 40.2 per cent in the period 2008 to 2014, compared to 15.6 per cent inflation. The union organised demonstrations at nearly 50 stations today in protest.