(9 months, 3 weeks ago)
Commons ChamberSince 2010, regulated fares across Great Britain have decreased by around 7% compared with the retail prices index. The Government continue to intervene to keep fares affordable, and to encourage travel, by capping increases below inflation and delivering initiatives such as the second great British rail sale. We have to strike a balance between encouraging passengers to use our rail network and supporting the rail industry to get back on a good financial footing as it continues to deal with a revenue shortfall following the pandemic.
For a period last year, Urmston train station in my constituency was one of the country’s 10 worst performing train stations for service reliability. Given the level of service experienced by my constituents who use Urmston and other stations on the line, why are they set to face an inflation-busting fare increase in March?
If we take the current year’s fares as an example, we delivered the biggest Government intervention on rail fares since privatisation by capping fare increases at 5.9%, which was 6.4 percentage points below the July RPI. It is all about striking a balance, and I believe that balance is a fair one.
In the last three years, the UK taxpayer has contributed £45.9 billion to keep the railways going. This year’s figure of 4.9% is, again, below inflation. It cannot be that bad, because Labour-run Wales has done exactly the same. It is better than Scotland, where the SNP has put up fares by 8.7%.