To ask the Secretary of State for Transport, what assessment he has made of the cost of linking regulated rail fares to the consumer price index rather than the retail price index.
The Government’s use of RPI is consistent with the general indexation approach adopted for many rail industry costs. We have always put passengers first and have ensured that regulated fares have risen no faster than inflation for four years running. We are keeping that policy under review whilst we invest in the biggest modernisation programme in over a century. On average 97p in every pound spent on a ticket is invested back into the railway.