Any increases in rail fares are set by the Government, which recently has been at RPI +1%. This increase is the equivalent of around 10-20p per single journey, and travelling with Northern is often cheaper and quicker than the car or the bus for similar journeys.
The Government uses revenue from rail fares to invest in improving stations, trains, and services on the railway. Their long-term approach is to reduce the amount of investment from taxpayers, and increase the share paid by rail passengers.
We understand that these are difficult financial times for our customers, which is why we will continue to work with the Government and the wider rail industry to drive down the cost of running the railway to provide better long-term value for money for passengers and taxpayers.
The breakdown below shows where every pound of income from fares goes:
- 26p - Investment into the rail network
- 25p - Industry staff costs
- 22p - Maintaining track and trains
- 11p - Leasing trains
- 9p - Interest payments and other costs
- 4p - Fuel for trains
- 3p - Train company profits
Statistics from National Rail.