Southeastern Fares Rise for 2012 cut from 8% to 6%
An email arrives from Mike Gibson, Public Affairs Manager of Southeastern trains:
"Following the Chancellor's autumn statement today, I am pleased to inform you that we have been instructed by the Department for Transport that the fare increase effective from 1 January 2012 will be 6% (RPI + 1%) and not the RPI + 3% (average 8%) increase announced by the Secretary of State for Transport last October.
"In light of the Chancellor's statement we are currently re-calculating our 2012 fare increase and will be able to tell you the revised fare from your station within the next few weeks."
Any decrease in the previously proposed fare increase is welcome, but I doubt many commuters will be pleased with a fare rise of 6%. With season tickets on HS1 from Folkestone already costing around £4,000, a 6% increase will still add around £240 to the annual cost...