Railways: Fares Debate

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Department: Department for Transport

Lord Taylor of Holbeach

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Brexit: Article 50

Railways: Fares

Lord Taylor of Holbeach Excerpts

Brexit: Border Control
Monday 29th October 2018

(6 years, 1 month ago)

Lords Chamber
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Lord Taylor of Holbeach Portrait Lord Taylor of Holbeach (Con)
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My Lords, we usually try to go around the House, and it is the Liberal Democrats’ turn.

Lord Bradshaw Portrait Lord Bradshaw
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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.

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