Lord Bradshaw
Main Page: Lord Bradshaw (Liberal Democrat - Life peer)Department Debates - View all Lord Bradshaw's debates with the Department for Transport
(5 years, 6 months ago)
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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.
Baroness Sugg
My Lords, I absolutely agree. This is an excellent example of industry and government working together to deliver a new product that will benefit passengers.