I don’t know how the Chief Executive of the Competition and Markets Authority (CMA), Dr Andrea Coscelli, gets to work, but I guess it isn’t by train. In fact, I could quite imagine he had never heard of the existence of railways at all. How else to explain the complete lack of interest of his regulatory body in train operating companies and how they ruthlessly exploit their monopolies in order to jack up fares? The CMA is quick to descend on industries where there is at least some choice – its latest target being the funeral business – yet when it comes to an industry where in most cases there is no choice at all it has shown little interest in the subject other than a report in 2016 suggesting limited extra competition on intercity routes.
This morning, the Rail Delivery Group announced that season tickets and other regulated rail fares will rise by an average of 3.1
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