Rising rail fares may increase need for debt management plans
Rising rail fares may increase need for debt management plans
Wednesday 4th November 2009
Covering the cost of a return ticket from Newquay in Cornwall to Kyle of Localsh on the west coast of the Scottish highlands, the £1,002 price tag would have cost £486 a year ago.
The high fare was found by rail expert Barry Doe, who says that long-distance journey prices have risen by up to three times the level of inflation, with the trip involving train journeys operated by three different companies: Cross Country, First Great Western and ScotRail.
It was found by the Daily Mail to be cheaper than a journey with dining on the Orient Express, the Trans-Siberian railway to Beijing or a return flight to New York and three nights at a five-star hotel.
The rising cost of journeys could lead people who need to use train services regularly having to look into debt management options. Taking on a debt consolidation loan might help those in such a position cover rising costs.
Campaign for Better Transport spokesperson Cat Hobbs told the Daily Mail: "This £1,000 fare is ridiculous and highlights how passengers are being squeezed.
"We know that UK fares are the highest in Europe and we think that it's about time the government took action, brought down fares and gave people an incentive to take the train."
However, consumers will not be able to avoid higher costs by using cars instead, as statistics released by AA last week revealed pump prices are also on the up.
News article brought to you by Debt1 – UK debt management specialists
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