Railways: Nationalisation
The question
To ask the Secretary of State for Transport, what assessment her Department has made of the potential impact of the transfer of passenger services into public ownership on passenger revenue, fare yield and net subsidy.
Answered by Keir Mather
The Department assesses the impacts of a variety of factors when forecasting passenger revenue and the cost of operating the railway, including the direct cost savings from public ownership through removing fees paid to private-sector operators, and the benefits, projects and programmes that the creation of Great British Railways (GBR) enables. Fare yield is one of the measures of passenger revenue that GBR will monitor; changes in yield are driven by various factors including average journey length, annual fares policy, and railcard use.
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