
Everyone seems to be talking about rail fares. The excitement is due to the third Wednesday in August traditionally being Act One of the annual festival of rail fare misery. The publication of the retail prices index figure for July has long heralded an outpouring of despair. That is because train tickets normally increase in line with last month’s retail prices index (RPI), or sometimes 1 per cent more.
Act Two usually takes place in November, when the rail industry confirms the worst fears of the travelling public. Anyone with a calculator and a bit of time could have worked out the actual fare rises during the previous three months. But there is fresh shock when they are published. For example, a 3.6 per cent rise for 2026 would see the price of a one-way Anytime ticket from Manchester to London rise to exactly £200, and a monthly season ticket from Bristol to Cardiff hit £400.