A rail fares rise of nearly five per cent has been described by passenger groups as “another unwelcome price hike”. The Department for Transport announced that regulated fares in England will increase by up to 4.9 per cent on March 3 next year. These include season tickets on most commuter journeys, some off-peak return tickets on long-distance routes and flexible tickets for travel around major cities. The increase could add more than £265 to an annual season ticket from Cambridge to London, taking the cost from £5,428 to £5,693.97. A spokesman for watchdog London TravelWatch said: “These new…