Finance
UK's Reeves to freeze rail fares in budget
Published by Global Banking and Finance Review
Posted on November 23, 2025
1 min readLast updated: January 20, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on November 23, 2025
1 min readLast updated: January 20, 2026
Rachel Reeves plans to freeze UK rail fares in her budget, offering relief to commuters and aiming to control inflation.
LONDON (Reuters) -British finance minister Rachel Reeves said on Sunday she would freeze rail fares when she sets out her budget plan on Wednesday, aiming to help millions of commuters struggling with the cost of living.
Reeves is widely expected to raise taxes in her budget, but for those using the railways frequently, frozen fares will offer some relief.
The Treasury also said the freeze would help limit inflation by holding down the cost of rail travel.
It is the first time in 30 years rail fares have been frozen, a statement from the Treasury said, adding that it will cover season tickets, peak returns for commuters and off-peak returns between major cities.
"The move will save commuters hundreds of pounds off their season tickets, freeze costs for travellers, and support growth in town centres across the country," the statement said.
(Reporting by Sarah Young, Editing by Paul Sandle)
A rail fare freeze is a policy where the prices for train tickets are kept at the same level for a specified period, preventing any increase in costs for commuters.
Inflation is the rate at which the general level of prices for goods and services rises, eroding purchasing power. It is often measured by the Consumer Price Index (CPI).
A budget plan is a financial document that outlines expected revenues and expenditures over a specific period, helping to manage finances effectively.
Season tickets are travel passes that allow unlimited travel on a specific route or network for a set period, typically offering savings for regular commuters.
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