UK rail operators could be forced to cut fares - paper


LONDON, Feb 25 (Reuters) - Struggling British rail operators will have to cut fares next year because the government is refusing to bend ticket-pricing rules that were not designed for a period of deflation, The Times said on Wednesday. Under the terms of the operators' franchises, certain ticket prices rise annually by 1 percent above inflation, as measured by the retail price index in July. Economists predict inflation will be between minus 2 and minus 3 percent in the summer, ...

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