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BBC Radio 5 live

Money: Rail Fares - 02nd January 2009

02/01/2009 06:24 | |

Rebecca Pike and Mickey Clark present this morning's business stories, including: Rail fares rise and by a lot more than inflation. You can expect the price o...

Rebecca Pike and Mickey Clark present this morning's business stories, including: Rail fares rise and by a lot more than inflation. You can expect the price of your ticket to have gone up by an average of between 6 and 7 per cent. That's according to the rail watchdog Passenger Focus, who say these price rises can't be justified with inflation. Recession will arrive officially this year but how deep and long can we expect it to be? Also on the programme; we should learn in the next fortnight whether any more of Britain's weaker retailers have succumbed to the decline in the economy. And finally, we discuss how the Russian energy company Gazprom has stopped supplying gas to Ukraine after a row over prices.

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