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<p>Government has frozen regulated rail fares in line with inflation for the seventh
year in a row. In addition, we have already cut costs for thousands of young people
with the 16-17 Saver railcard, and announced our intention to establish a new ‘fares
trials fund’ to explore the benefits and costs of a clearer, more flexible and fairer
fares system. Fares revenue is crucial to funding day-to-day railway operations and
the massive upgrade programme we are delivering, all of which benefit passengers.</p>
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