Virgin Trains: Fares

(asked on 25th January 2017) - View Source

Question to the Department for Transport:

To ask the Secretary of State for Transport, what recent discussions he has had with Virgin Trains on consistency in ticket pricing within their franchise terms.


Answered by
Paul Maynard Portrait
Paul Maynard
Parliamentary Under-Secretary (Department for Work and Pensions)
This question was answered on 2nd February 2017

I regularly meet with all train operators including Virgin Trains and always interested in passenger benefit and value for money.

Fares are made of regulated and unregulated fares. In general the fares that are regulated include commuter fares (in major cities), some weekly, monthly or annual season tickets, day singles and returns as well as some protected fares like long-distance off-peak return fares (formerly Saver Returns).

Train operators set the price of rail fares within the framework set by the government, which places a limit on the maximum amount by which average regulated fares are permitted to rise in any single year. From 2016 to 2020 this limit will be set at RPI (Retail Price Index) + 0%.

Other fares are unregulated, and train operators are permitted to set these on a commercial basis, taking account of competition from other transport modes and the need to attract business in order to grow their revenue.

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