Economics

Reeves to Freeze Rail Fares in UK Cost-of-Living Push

Rachel ReevesPhotographer: Jose Sarmento Matos/Bloomberg

The UK government said it would freeze rail fares in the upcoming budget, as Chancellor of the Exchequer Rachel Reeves seeks to help voters with the cost-of-living and curb inflation.

The freeze will cover season tickets, peak returns for commuters and off-peak returns between major cities in England, the Treasury said in a statement. Such regulated train fares typically rise in line with inflation, with the price changes taking effect in March.