A NEW railcard for British military veterans is to be launched on Armistice Day this year.

Due to be made available from 11 November, it will extend cheaper train travel to more than 830,000 veterans who do not qualify for existing discounts.

The railcard will cost £21 for an introductory period, before the price is increased to £30.

Holders will be able to save a third off most train tickets, although certain restrictions will apply.

It follows railcards launched last year for members of the public aged between 16 and 17 years old, and 26 and 30 years old.

Welcoming the scheme, defence secretary Ben Wallace said: "This railcard is an important step towards fulfilling our commitments to our veteran community.

"This news underlines the debt of gratitude we owe to those who have served.

"This government is committed to standing by our veterans."