Question to the Department for Transport:
To ask the Secretary of State for Transport, what assessment she has made of the likely impact of public ownership on fare levels in the West Midlands over the next five years; whether fare-setting powers will change substantively under Great British Railways compared with the previous franchising model; what analysis has been undertaken of the relationship between ownership model and passenger satisfaction; and what steps she is taking to ensure that passengers in the West Midlands will not experience a reduction in service frequency or capacity as a result of asset reallocation decisions.
Passenger affordability is a top priority for this government when setting rail fares. That is why this year we have taken the historic step of freezing regulated rail fares for the first time in 30 years, putting money back in hard working people’s pockets and delivering savings for passengers across billions of journeys.
It is important that we strike the right balance between affordability for passengers and reducing the burden on taxpayers. As set out in the Government’s response to the consultation on the Railways Bill, future fares policy under Great British Railway (GBR) will be guided by strategic parameters and guardrails, set by the Secretary of State and aligned to GBR’s financial settlement, providing GBR with greater autonomy and flexibility compared to today. These will reassure passengers that their fares will remain affordable, while ensuring sustainable use of taxpayer money on the network.