AN ANNUAL train pass for commuters travelling from Basingstoke to London is set to rise by £120 in January.

Train passengers face another rise in fares from January 2, following the announcement from South West Trains that tickets will increase by an average of 2.3 per cent.

For those travelling to London from Basingstoke, a 12 month pass without access to the tube network will rise by £80 from £4,076 to £4,156, representing an increase of two per cent.

For commuters needing their annual pass to include use of the underground, the cost will increase by £120 from £4,856 to £4,976, representing an increase of 2.4 per cent – which is above the average.

South West Trains said the cost of a single journey will rise by an average of 9.5pence, which is the lowest increase for five years.

However, those looking to visit London for the day travelling from Basingstoke face a 50p increase in the cost of a day ticket.

A super off peak day return (the cheapest day ticket) to London, from Basingstoke, will rise by 50p in the new year, from £22 to £22.50.

Whilst those looking to spend the day in the capital and use the underground, will have to pay an extra 70p in January, with the cost of a return ticket rising by 2.5 per cent from £27.10 to £27.80.

Tim Shoveller, chief executive of the South West Trains-Network Rail Alliance, said: “Money from fares goes towards running and maintaining the railway which benefits every household in the country, by improving journeys, creating employment and helping to boost the economy.

“Over the next five years, Network Rail is spending on average £27m a day building and maintaining a better railway that benefits passengers, communities and businesses across Britain alongside commitments made by train companies to improve services. That will mean more seats, better stations and improved journeys.

“For every pound spent on fares, 97p goes on track, train, staff and other costs, whilst 3p goes in profits earned by train companies for running services on Europe’s fastest growing railway.

“The industry is continuing to work together to get more for every pound we invest to enable government to make fares decisions which work best for passengers.”