Parliamentary Search

Written question asked by Henry Smith (Conservative) on Tuesday, 1 December 2015, in the House of Commons. It was due for an answer on Thursday, 3 December 2015. It was answered by Claire O'Neill (Conservative) on Wednesday, 9 December 2015 on behalf of the Department for Transport.

Railways: Fares

Question

To ask the Secretary of State for Transport, what estimate he has made of the average saving to passengers of capping regulated rail fare rises to RPI+0 until 2020; and if he will make a statement.

Answer

This Government is investing record amounts in transforming the UK rail network, improving journeys for everyone. At the same time, we are committed to ensuring the economic security of hard-working families. Fares continue to play a role in this, and we recognise that no one likes to see the cost of their rail travel rise.


That is why the Government has put a stop to above inflation (RPI) fare increases on regulated rail fares until 2020. This extends the cap on regulated rail fares put in place for 2014 and 2015. This means people’s earnings will, on average, rise more quickly than regulated rail fares for the first time since 2003 and an average saving of £425 to annual season ticket holders over the next five years.


This is a vital part of our long-term economic plan for Britain’s railways: delivering a bigger, better network with improved services – all while getting more out of every taxpayer’s pound we spend.


Secondary information

Type
Written question
Reference
18288
Session
2015-16
Subjects
Fares Railways Regulation
Contains statistics
Yes
Link
View this Written question on www.parliament.uk