cost of living
Published 31 Oct 2024
3 min read
Train tickets to go up next year
Regulated train fares will rise by 4.6% from 2 March 2025, with most railcards increasing by £5.
Published: 31 October 2024
What are regulated fares?
Regulated train fares are prices set by the government or a regulatory body for specific train services.
Around 45% of rail fares are regulated in England, Wales and Scotland. The changes will only apply in England.
The increase mainly affects:
- season tickets for most commuter routes
- some off-peak return tickets for long-distance trips
- flexible tickets for travel between major cities
Train operators can set prices for unregulated fares, which often follow similar trends.
Unregulated fares include:
- first-class
- advance
- off-peak day
- anytime tickets
What does this mean for passengers?
The 4.6% increase is above July's retail prices index (RPI) inflation, which measures the rate at which the prices of goods and services typically bought by households increase over time. The government claims it’s the lowest rise in three years.
But the Campaign for Better Transport calls it unfair, especially for those on low incomes.
They argue that raising fares while keeping fuel duty frozen sends the wrong message.
Rail Partners, which represents private rail companies, says passenger numbers should be boosted rather than passing higher costs to current travellers.
Their chief executive, Andy Bagnall, believes lower fares could help ensure the sector’s long-term health.
How to buy cheap train tickets
Train tickets can really add up, whether you’re travelling to work, going out, or visiting loved ones.
Here are some tips to help you find the best deals:
- Consider a season ticket – If you travel often, an annual season ticket might save you money. Use National Rail’s season ticket calculator to check.
- Use local buses – If you're travelling locally, take advantage of £2 single bus tickets. Buying two single tickets can sometimes be cheaper than a return. Even when bus tickets rise to £3 on 1 January 2025, it might still be better for your wallet.
- Get a railcard – A railcard can save you a third off ticket prices and usually costs £30 a year. There are options for families, retirees and students.
- Book early – Try to book your tickets at least 12 weeks in advance for the best prices. You can set up alerts on Trainline to notify you when advance tickets are available. If you want to skip the fees, check National Rail’s list for advance booking dates.
Michelle is a qualified journalist who spent over seven years writing for her local online newspaper. Having grown up in some of the North West’s most deprived areas, she has a first-hand and empathetic understanding of what it means to face serious money worries. With a strong interest in mental health issues, she is a keen advocate of boosting the accessibility of financial wellness services.
Published: 31 October 2024
The information in this post was correct at the time of publishing. Please check when it was written, as information can go out of date over time.
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