Train operators are preparing to cut railcard discounts in a blow to families, veterans and pensioners.

Fare reductions are to be reduced from 34 percent to 33.4 percent from September 15.

Railcards affected include those held by people aged 16-30 or 60 and over; families travelling with children; individuals with a disability and military veterans.

Discounts are currently calculated as 34 percent, but train operators will take advantage of an easing of system limitations to apply a smaller…