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Rail fare rises to be capped below 9pc

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Rail fare rises to be capped below 9pc

An annual ticket for the same travel could go up to £5,114 from £4,744, if fares increase in line with earnings growth.

Of this year’s announcement, a Department for Transport spokesperson said: “Following last year’s biggest-ever government intervention to cap rail fare increases well below inflation, we’ll continue to protect passengers from cost of living pressures and we will not increase next year’s rail fares by as much as the July RPI figure.

“Any increase will also be delayed until March 2024, temporarily freezing fares for passengers to travel at a lower price for the entirety of January and February as the Government continues with its plan to halve inflation.”

Almost half of all fares on Britain’s railways are regulated by the Westminster, Scottish and Welsh Governments, including season tickets on most commuter journeys, some off-peak return tickets on long-distance journeys and flexible tickets for travel around major cities.

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Train operators set rises in unregulated fares, although these are likely to be very close to changes in regulated ticket prices.

The Scottish and Welsh Governments are yet to announce their rail fare plans for 2024.

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CryptoCurrency

Coinbase’s cbBTC surges to third-largest wrapped BTC token in just one week

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Coinbase’s cbBTC surges to third-largest wrapped BTC token in just one week


According to data from CryptoQuant, cbBTC circulation supply has outpaced long-established players seven days after launch. 



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Bitcoin options markets reduce risk hedges — Are new range highs in sight?

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Bitcoin options markets reduce risk hedges — Are new range highs in sight?


Bitcoin options market positioning shifted as BTC price shot through the $60,000 to $63,000 level. 



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Ethereum is a 'contrarian bet' into 2025, says Bitwise exec 

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Ethereum is a 'contrarian bet' into 2025, says Bitwise exec 


Ether price could be on track for another correction into a triple-bottom, marking the beginning of a big rally into 2025.



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Blockdaemon mulls 2026 IPO: Report

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Blockdaemon mulls 2026 IPO: Report


Other Web3 infrastructure platforms, such as Circle, are also mulling IPOs.



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SEC asks court for four months to produce documents for Coinbase

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SEC asks court for four months to produce documents for Coinbase


The financial regulator requested an extension until February 2025 to review “at least 133,582 unique documents” as part of discovery motions with Coinbase.



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‘Silly’ to shade Ethereum, the ‘Microsoft of blockchains’ — Bitwise exec

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‘Silly’ to shade Ethereum, the ‘Microsoft of blockchains’ — Bitwise exec


Ethereum is still home to the most active crypto developers and is the most attractive chain to build applications on top of for big companies, argues Bitwise’s Matt Hougan.



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