James Brokenshire has warmly welcomed news that a Conservative Government would freeze regulated rail fares in real terms for five years.
Annual rises in so-called regulated fares – which include season tickets - would be capped at the rate of inflation for the whole of the next Parliament under Conservative plans, meaning costs will be frozen in real terms. It is expected that the price freeze will have saved commuters an average of £400 by 2020.
The move comes on top of no real terms in increase in regulated train fares for the last two years. Boris Johnson has also committed to a real terms freeze in fares on TFL services while he remains Mayor of London.
Commenting James said:
“The cost of commuting is one of the biggest household bills that hardworking families face. Because of the difficult decisions that we have taken to repair the economy, we have been able to freeze regulated fare rises in real terms for the past two years.
“If elected in May, we’d continue that freeze for the next five years. Only the Conservatives can offer families the additional financial security that this will bring.”