THIS week’s Autumn Statement has confirmed that the proposed rise of RPI+3 to rail fares in 2012 has been scrapped.
It is being hailed as a victory for Lewes MP Norman Baker, who has fought tirelessly to secure the abandonment of the proposed rise.
Much of the proposed increase was to finance a massive investment in the rail network. However, genuine concerns have been raised about the level of the rise, and the Lib Dems, in particular, have consistently argued for rail fares to come down, not least because money has been found to freeze fuel duty for motorists, and rail income has remained buoyant.
The Chancellor has now confirmed that the Lib Dems have secured a win on this, led by Mr Baker, as the planned increase will not take place.