Season ticket prices for Cambridge commuters will tumble by £1880 under plans announced by Labour today.
While the Government announced this weekend that rail fares are set to rise again by an average of 2.7% next year, a Labour Government would slash fares by a third.
The plans would mean a Cambridge to London season ticket would cost £3371 next year in contrast to the eye watering Conservative price of £5252.
Most commuter fares including peak time fares and season tickets are regulated fares, which make up almost half of all tickets sold, and will be reduced by 33%, the biggest ever reduction in rail fares, to tackle the crisis of unaffordability on the railway and give relief to millions of rail commuters from years of excessive price rises.
Daniel Zeichner said:
“This is great news and will encourage more people to use the railways. This will go a long way to redress the balance after years of rip-off fare increases. A better deal on commuter fares is long overdue, fares have gone up by 40% since 2010, more than double the rate of wages increases in the same period.”