UK’s Reeves to freeze rail fares in budget

LONDON (Reuters) – Britain will freeze rail fares, finance minister Rachel Reeves said on Sunday when she unveiled her budget plan on Wednesday aimed at helping millions of commuters struggling with the cost of living.

Reeves is expected to increase taxes in his budget, but frozen fares for frequent rail users will provide some relief.

The Treasury also said the freeze would help limit inflation by reducing the cost of rail travel.

Rail fares have been frozen for the first time in 30 years, the Treasury said in a statement, adding that it would cover season tickets, peak returns for commuters and off-peak returns between major cities.

“This move will save travelers hundreds of pounds on season tickets, freeze traveler costs and support growth in city centers across the country,” it said in a statement.

‌(Reporting by Sarah Young, ‌Editing by Paul Sandle)