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Railways: Fares

Volume 478: debated on Thursday 26 June 2008

To ask the Secretary of State for Transport which train operating companies’ franchise agreements permit them to increase fares by more than one per cent. above inflation for a given period of time; and by how much and over what period of time this is permitted in each case. (209075)

Southeastern and Northern have RPI plus 3 per cent. regimes. Southeastern is for the entire franchise area until the end of 2011; fares regulation will revert to RPI plus 1 per cent. from January 2012. Northern has an RPI plus 3 per cent. regime for the Leeds and West Yorkshire area only—this applies for the length of the present franchise. Both regimes were approved on the basis of supporting rolling stock investment in those franchises.