The financial 'noose is tightening' on thousands of Brits seeking to move out of London and commute into the city from more affordable areas with the cost of train season tickets now so high they will save no money at all, an expert has warned.
These include season tickets on most commuter journeys, some off-peak return tickets on long-distance routes and flexible tickets for travel around major cities. Speaking to MailOnline, personal finance expert Martyn James said this huge commuting cost essentially made any changes in cost of renting compared to the capital irrelevant.
The Department for Transport last year insisted its actions will keep regulated fares more than 9 per cent lower than they would have been if increases matched RPI in the previous two years. 'That doesn't really apply to how the world works now, because, as we know, companies want people back in the office 3 days a week at the minimum.''Renting costs are absolutely soaring through the roof, but people are effectively being trapped here because it's actually becoming too expensive to move to the suburbs and free up some space.
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