More perspective for those too young to remember or with a selective memory.
Here's Hansard from 02 March 1976.
Labour in Government - Unions in charge!
http://hansard.millbanksystems.com/commons/1976/mar/02/railway-fares
'The whole question of the seemingly ever-increasing rise of commuter fares has been put in focus by the Government's decision to place a cash ceiling upon the subsidy for British Rail. Already there have been three fare increases within a year, there is the prospect of a further increase this April of 17 per cent., and yet another is threatened for autumn 1976. The last is necessary to pay for the wage increases which are scheduled for later this year.
It appears that the heaviest increases in fares will fall upon the long- and middle-distance commuters rather than upon the inter-city services. The increase in this sector will come in spite of an 11 per cent, decrease in usage in 1975 and a further fall, estimated by British Rail at about 3 per cent., in 1976. One is forced to conclude that British Rail is leaning heavily on a sector of the market which is obliged to use its services—the commuter'.
Let's re-nationalise the railways! After all 'most' people want it. How could it possibly go wrong? Just how stupid does Jezza think the voters are?
(BTW. Just checked cost of my ticket Liverpool - Euston last Sunday. £11.20 for reserved seat in 'quiet' carriage. Bargain)