Henry Smith – 2015 Parliamentary Question to the Department for Transport
The below Parliamentary question was asked by Henry Smith on 2015-12-01.
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.
Claire Perry
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.
