Railways: Fares
The question
To ask the Secretary of State for Transport, pursuant to the Answer of 19 March 2025 to Question 38420 on Railways: Fylde, what estimate she has made of the potential impact of the increase in regulated rail fares on 2 March 2025 on revenues; and what assessment she has made of the potential impact of this increase in fares on the financial sustainability of the sector.
Answered by Simon Lightwood
A proportionate, annual increase in fares is necessary to support crucial investment and to ensure the long-term financial sustainability of the railway.
Regarding performance-based fares increases, any changes to fares policy requires balancing against the potential impacts on passengers and taxpayers. If the rail industry is inadequately funded in the short term it will lack the capacity and performance to deliver long-term ambitions of financial sustainability, modal shift and helping to deliver the UK’s net zero target.
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