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Railways: Fares

Volume 504: debated on Friday 29 January 2010

To ask the Minister of State, Department for Transport what he estimates the cost to the public purse will be in 2010 of removal from train operating companies of the individual ticket price flexibility hitherto available to them in producing their overall retail price index +1 increase in regulated fares. (314164)

Commercial negotiations are taking place with individual train operators to agree the level of compensation, if any, due as a result of this change to their franchise agreements. Any release of information concerning the assessment of the financial impact would be prejudicial to these negotiations.