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Rail fares rise by 4.6% in England and Wales

Rail fares in England and Wales have increased by 4.6% as of March 5, 2023, marking the largest rise in over a decade. This increase affects regulated fares, which include season tickets, some off-peak return tickets, and travelcards, but does not apply to unregulated fares like advance tickets. The fare hike, which is below the current inflation rate of 10.5%, has been criticized by opposition parties and passenger groups, especially given the ongoing cost-of-living crisis. Transport Secretary Mark Harper justified the increase by stating it was necessary to fund improvements in the railway system, although he acknowledged the timing was unfortunate. Critics argue that this rise will disproportionately affect commuters and could deter people from using rail services, potentially impacting the recovery of the rail industry post-COVID.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/other/rail-fares-rise-by-4-6-in-england-and-wales/ar-AA1A47Cs ]