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Money Fight Club: The smart way to save money one punch at a time by Lindsay Cook, Anne Caborn

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Round 5: Travel

“A journey of a thousand miles begins with a single step.”

Laozi, ancient Chinese philosopher

Road, rail, bus, car... all travel comes with a cost and the cost is rising. In spring 2013 the AA claimed that spiralling fuel prices were forcing drivers off the road. Rail fares for season ticket holders increased by an average of 4.2% when the latest fares increase hit in January 2013.

Yet travel is short of a champion: when the Office of Fair Trading (OFT) carried out a study of the UK petrol and diesel market it decided that further regulation was not needed and that competition ensured garages didn’t overcharge.

When the BBC commissioned a survey into UK travel costs back in 2007 they were higher than anywhere else in Europe. ...

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