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Train Operating Companies: Finance

Asked by Rebecca SmithConservativeDepartment for TransportTabled Answered 29 June 2026UIN 11946

The question

To ask the Secretary of State for Transport, pursuant to the Answer of 17 June to Question 9171, what passenger revenue assumptions underpinned the forecast £464.6 million reduction in Support for Passenger Rail Services in 2025-26; and what the actual passenger revenue outturn was.

Answered by Keir Mather

The £464.6m reduction to 2025-26 Estimates was on the assumption of an increase in revenue compared to 2024/25. Revenue outturn was lower than the 2025/26 forecast due to a number of factors, including changing consumer behaviour, with passengers taking more advantage of good value advance fares and increased use of railcards.

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