Peak travel varies between individual train companies and routes, but will typically exclude any services before 10am and often services that run between 4.30-6.30pm, too.

Another snag of the new, extended railcard is that it doesn’t apply to season tickets. So, it does nothing to soften the blow of the 3.6% hike in fares for season ticket holders that comes into effect in January (the highest increase since 2013).

With soaring rents and exorbitant student loans, we’re all aware of enormous challenges that millennials face in today’s tough financial climate.

The new railcard aims to address these, by acknowledging that there’s little difference between the circumstances of people below 25 and those aged 25-30. The Treasury says the new-look pass will help an additional 4.5 million young people with the cost of living.

Tory strategists also hope the move will help to reignite youth support for the Conservatives, after a disastrous election result earlier this year that saw many young voters throw their weight behind Labour.

The expansion of the railcard has been welcomed by some, but not everyone is thrilled with it - especially given its obvious limitations:

Everything you need to know about the new millennial railcard