Six ways to avoid rail fare increases
Commuters face a 6.2% rise in the average rail fare in January, while some will see an increase of more than 11%.
The government calculates ticket prices by adding 3% to the retail prices index measure of inflation, which unexpectedly hit 3.2% in July.
However, it is allowing the rail companies to add a further 5% as long as they balance out their price rises across the board. This means some commuters could end up paying fares that are up by 11.2%.
How to avoid fare increases
1. Buy your season ticket before the end of the year to avoid the price hikes. Even if your current ticket expires a few weeks into the New Year, it may still work out cheaper.
2. Ask your employer if you can work flexible hours to avoid travelling at peak times or even work from home a couple of days a week.
3. Check your route to see if you can walk or cycle either all or part of the way to cut some of the cost. Some employers run cycle-to-work schemes and can provide you with bikes and equipment. For more information, go to bike2workscheme.co.uk.
4. Take the bus. There are some bus routes that follow commuter routes into London. Yes, the bus might take a little bit longer but they still offer a lot of comfort. Many of them have wi-fi onboard and you will always get a seat.
Oxford Tube offers annual passes from Oxford to stops in London for £1,130, compared with the equivalent annual railcard that costs £4,348.
5. Look into the cost of travelling by car as it might now be the cheapest option, particularly if you consider a car-pooling scheme where you share the journey with other commuters. You can find a car-pooling scheme in your area at rideshareonline.com.
6. Could you consider looking for a job closer to home? Similar positions might not pay as well outside the big cities but saving on the rail fare could make up for a pay cut and it would also save you having to waste hours of your life commuting.
An increase in the general level of prices that persists over a period of time. The inflation rate is a measure of the average change over a period, usually 12 months. If inflation is up 4%, this means the price of products and services is 4% higher than a year earlier, requiring we spend and extra 4% to buy the same things we bought 12 months ago and that any savings and investments must generate 4% (after any taxes) to keep pace with inflation. Since 2003, the Bank of England has used the consumer prices index (CPI) as its official measure of inflation (see also retail prices index).