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Reeves freezes rail fares for UK budget

Rachel Reeves, British Finance Minister, said Sunday that she will freeze rail fares in her budget plan to be presented on Wednesday. She hopes to help millions who are struggling with rising costs of living.

Reeves' budget is expected to include tax increases, but those who use the railways regularly will find some relief from the frozen fares.

Treasury said that the freezing of rail fares would also help to limit inflation.

A Treasury statement said that this is the first time rail fares in 30 years have been frozen. It will also cover season tickets for commuters, off-peak return between major cities, and peak returns to commuters.

The statement stated that the move would save commuters hundreds on their season tickets and freeze travel costs. It will also support the growth of town centres throughout the country.

(source: Reuters)