Yesterday the Conservative party announced that if elected to government it would freeze regulated train fares in real terms for the next Parliament.
Train fares have gone up a lot under both Labour and the Coalition in recent years. With current low rates of inflation the pledge is a helpful one to all who use the railways to get to and from work daily and who pay the peak regulated fares as a result. There are some very good value off peak fares available for occasional travel which are not regulated.
The sharp fall in real living standards which occurred in 2007-9 during the Great Recession has taken time to reverse. It is good news that now wages and salaries are on average going up by more than prices. Falling energy prices and a rail fare freeze in real terms for commuters and season ticket buyers will help in the months ahead if Conservatives are elected.
Published and promoted by Thomnas Puddy for John Redwood, both at 30 Rose Street Wokingham RG40 1XU