Successive governments have instructed train companies every year to increase these regulated fares on average by more than inflation.

BBC: Price rises for South East rail commuters

"Successive governments have instructed train companies every year to increase these regulated fares on average by more than inflation, " a spokesman said last week.

BBC: Rail ticket and cash

The effort to formulate a worldwide policy for a more regulated Internet failed in Dubai last year after many Western countries said a compromise plan gave too much power to the United Nations.

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The RPI inflation is currently at 5.1% and, if it remained at that level, increases to regulated fares would be capped at 6.1% in January next year.

BBC: Rail passengers could see big fare rises, Hammond warns

Yet, although Glass-Steagall was scrapped last year, Merrill has not formed a bank-holding company, regulated by the Federal Reserve, which the replacement Gramm-Leach-Bliley act allows.

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Chinese airlines struggled after the nation's aviation regulator lifted a six-year ban on creating independent airlines, a sign of liberalization in the tightly regulated sector.

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Council tax bills will be frozen in England for a third year in a row and there is to be a cap on how much regulated train fares can go up by.

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Late last year the online poker industry almost managed to squeeze through legislation that would have regulated online poker in the U.S. after the casino companies in Las Vegas decided to back the effort, tired of sitting on the sidelines and watching companies like PokerStars and Full Tilt Poker earn hundreds of millions of dollars annually from the large U.S. market.

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