Transport written question – answered at on 12 October 2011.
To ask the Secretary of State for Transport if he will review the decision to allow the inflation linked cap on rail fares to rise from RPI plus 1 per cent. to RPI plus 3 per cent. from January 2012; and if he will make a statement.
The pressing need to tackle the deficit has forced the Government to take difficult decisions on fares. The average cap on regulated rail fares will increase by retail prices index (RPI)+3% for three years from 2012 in order to protect planned rail investment.
Sir Roy McNulty recently completed an extensive review on value for money on the UK's railways. He made a number of recommendations which he believes could deliver major cost savings and we will be considering these in depth. Our aim is to deliver savings benefiting both taxpayers and passengers.
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