​L​abour announces only​ the second RPI-plus ​r​ise ​since 2013, though​ stresses it is ‘lowest absolute increase in three years’

Rail fares will go up by 4.6% next March, the government disclosed alongside the budget – meaning they will rise above inflation for only the second time in 12 years.

Meanwhile, the cost of most railcards will rise by £5, or almost 17%.