Railways: Fares
Debate between Lord Taylor of Holbeach and Lord Bradshaw
Monday 29th October 2018
Read Full debate Read Hansard Text Read Debate Ministerial Extracts
(6 years, 2 months ago)
Lords ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Lord Taylor of Holbeach (Con)
My Lords, we usually try to go around the House, and it is the Liberal Democrats’ turn.
Lord Bradshaw
The Minister said that fares for those from 26 to 30 will be reduced by one-third with the new young people’s railcard. This is an example of the industry at last realising there is such a thing as market pricing and elasticity of demand. Instead of having a tariff which fits everybody, it should fit the market.