To ask the Secretary of State for Transport, what assessment he has made on the economic effect on (a) retail and (b) other businesses in towns and cities of the recent increase in rail fares.
Answered on
29 March 2021
In terms of the economic effect on (a) and (b), the fares increase on 1 March was the lowest for four years. A small rise was necessary to ensure crucial investment in our railways. By delaying the change in fares, those who needed to renew season tickets were able to get a better deal until 28 February.
Passenger demand has fallen dramatically over the last year and its recovery is uncertain. The Department will continue to work closely with industry on initiatives to support demand and revenue recovery when the time is right, including actively working with train operators to develop a solution that offers better value and convenience for those who commute flexibly.