Cost of Living: Rail Fares

Lord Moylan Excerpts

Monday 6th January 2025 Lords Chamber

[Lord Hendy of Richmond Hill (Lab)]

I thank the noble Baroness for her warm tribute to Baroness Randerson.

As I said, the Government are to have a rail sale early this year, in which many millions of tickets will be sold at discounted fares. Noble Lords will know that, following Covid, the demand characteristics of the railway have changed: there is still less commuting, despite changes in working practices, and more leisure travel. That gives real opportunities to produce fresh fare scenarios that will incentivise travel. To pre-empt a question that otherwise will be asked, the railway needs to be adequately able to cope with leisure travel for all seven days of the week in order that people can not only travel cheaply but get a seat when they do.

[Lord Moylan (Con)]

My Lords, I echo what the Minister said about the late Baroness Randerson. We will have an opportunity to discuss her sad demise later in the week and return to the subject then.

In the future that the Minister envisages for the reformed railways, will it still be the case that regulated fares are set by the Secretary of State, or does he expect that power to pass to Great British Railways? Will that be in the consultation document that he has promised is going to be issued? When are we going to see that consultation document, given that he told the House he hoped it would be issued before the Christmas Recess, which clearly has not been the case?

[Lord Hendy of Richmond Hill (Lab)]

I thank the noble Lord for his comments on Baroness Randerson.

On the future of the fares structure of the railway, it is overwhelmingly likely that, whoever the Secretary of State is, they will continue to have a strong interest in the fares structure of the railway. However, the proposition is that Great British Railways will be responsible for both revenue and cost, and therefore will have some freedom to set fares. It is true that I had hoped that the consultation document would be available before Christmas, but clearly that was not the case. The passage of the seasons in political time is variable, but I am going to promise that it will be available in the next few weeks.