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Written question asked by Lilian Greenwood (Labour) on Tuesday, 4 November 2014, in the House of Commons. It was due for an answer on Friday, 7 November 2014 (named day). It was answered by Danny Alexander (Liberal Democrat) on Wednesday, 19 November 2014 on behalf of the Treasury.


Railways: Fares

Question

To ask Mr Chancellor of the Exchequer, what estimate he has made of the cost to the Exchequer of increasing regulated rail fares by RPI in 2015.

Answer

On 7 September the Government announced the government would extend the freeze on rail fares so that no regulated rail fares will increase by more than inflation.

The Chancellor also announced that for 2015, train companies will no longer have the flexibility to increase some fares by 2% above the cap.

As set out in the press release these measures will cost £100m by 2015/16.


Secondary information

Type
Written question
Reference
213271
Session
2014-15
Related items
Railways: Fares
Friday, 28 November 2014
Written questions
House of Commons
Subjects
Fares Increases Railways
Link
View this Written question on www.parliament.uk