Transport for London: Finance

Department for Transport written question – answered on 11th June 2015.

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Photo of Lilian Greenwood Lilian Greenwood Shadow Minister (Transport)

To ask the Secretary of State for Transport, whether his Department plans to provide additional financial support to Transport for London for the purposes of meeting the cost of increasing rail fares by RPI in 2016.

Photo of Claire Perry Claire Perry Parliamentary Under-Secretary (Department for Transport)

We recognise that our commitment to cap regulated rail fares at RPI+0% for the term of this Parliament is likely to have an impact on Transport for London’s revenues. The Department will continue to discuss the implications of this with Transport for London.

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