Rail fares will rise on average by 4.3 per cent next January, industry bosses today revealed, with the increase one per cent above inflation.
Rises in the cost of regulated fares, which include season tickets, have been overseen by the Department for Transport, which allows for a one per cent rise above retail price index inflation, currently standing at 3.3 per cent.
Unregulated fares such as cheap day returns are also on the up across all of Britain's train companies, rising by an average of 4.7 per cent.
But the Association of Train Operating Companies (Atoc) insists that the increases in fares will be reinvested in making improvements to the country's railways.
George Muir, director general of the trade association, acknowledged that the rises would be unpopular with commuters, but claimed that "overall satisfaction levels are now at an all time high of 80 per cent. Train operators will continue to raise their game, delivering further improvements to the railway and enhancing the travel experience of passengers".
He added: "Rail travel is proving very popular with more passengers travelling this year. The challenge now is to get extra capacity onto the railway and route plans are underway to this end."
The largest unregulated raises coming into effect on January 2nd next year can be found on the express rail routes to Gatwick and Heathrow airports, with tickets increasing by 7.3 per cent on both.