Lilian Greenwood – 2016 Parliamentary Question to the Department for Transport

The below Parliamentary question was asked by Lilian Greenwood on 2016-02-22.

To ask the Secretary of State for Transport, with reference to the Answer of 28 November 2014 to Question 215333, what amount was paid to Transport for London in relation to the decision to raise Transport for London rail fares by the retail price index in January 2015.

Mr Robert Goodwill

The Department for Transport compensated Transport for London (TfL) in full for the projected impact on their revenues of the Chancellor of the Exchequer’s September 2014 announcement on regulated rail fares. The Department did this by paying TfL an additional £43 million, spread over two financial years (£7m in 2014/15, and £36m in 2015/16), by means of a variation to their core grant (the GLA transport grant, paid under section 101 of the Greater London Authority Act 1999). This followed consultation with HM Treasury and with the Greater London Authority.