Part of Oral Answers to Questions — Transport – in the House of Commons at 9:30 am on 6 February 2014.
The fares that passengers pay are crucial to funding bus and rail operations. In rail, they contribute towards the major investment programme we are undertaking. I recognise concerns passengers have about impacts of fares on household budgets, which is why for the first time in a decade average regulated rail fares have been capped at inflation. Outside London, bus services are deregulated and fares are mainly a matter for the commercial judgment of bus operators.