Train companies respond to the publication of July RPI

In response to the publication of the July Retail Price Index (RPI) inflation figure that helps determine regulated rail fares for 2013, Michael Roberts, Chief Executive of the Association of Train Operating Companies (ATOC) said:

“The government decides the average increase of commuter ticket prices and other regulated fares which train companies will be required to introduce in January 2013.

“It has been government policy during the past eight years for passengers to pay a larger share of the cost of operating the railways and to focus taxpayers’ money on investing in longer term improvements to the network. Any flexibility train companies have within the rules is to maximise revenue for the government.”