Question to the Department for Transport:

To ask Her Majesty's Government what estimate they have made of the yield resulting from the last regulated increase in rail fares; and what assessment they have made of this estimate.

No assessment has been made of the proportion of industry revenues which can be attributable to the March 2021 fares changes. While fares changes affect total industry revenue there are also a number of other impacts that affect it, including most notably at the moment the pandemic’s impact on passenger travel.

The department has not conducted any studies following the fares changes in March 2021 to separate out the impact of these changes from other factors influencing industry revenues.