It said cuts to regulated fares, which would come into force from January, would save the average commuter £1,097 a year.

Labour also said it would guarantee fair fares for part-time workers who commute fewer than five days a week and make rail travel free for anyone 16 or under.

The party also wants to roll out contactless payments across the UK.

It comes as rail industry leader confirmed average rail fares will rise by 2.7% from 2 January.

Andy McDonald, Labour’s Shadow Transport Secretary, said: “Privatisation has created one of the most complex, exploitative and expensive ticketing systems in the world. Labour will scrap the bewildering and outdated fares and ticketing system that discriminates against part-time workers, discourages rail travel and excludes the young and low paid.

“Labour is on the side of passengers which is why we will introduce a simpler, fairer and more affordable system for all, integrated with other forms of public transport. Rail passengers who want to save hundreds or thousands of pounds next year need to vote Labour on 12th December. Labour will deliver a railway in public ownership for the many, not the few.”