Train companies launch review of fares policy

A review of future rail fares policy has been launched by the Association of Train Operating Companies (ATOC) on behalf of train companies.

The review will consider a range of issues to do with fares policy, such as the level and structure of fares, how fares are retailed and how information about fares is presented to customers.

A key issue is the balance of railway funding between the farepayer and the taxpayer. The Government’s stated aim is to move progressively to a position where up to 75% of the industry’s costs are funded by money raised from fares, compared with approximately 50% today.

Michael Roberts, Chief Executive of ATOC, said:

“The fares system has recently been simplified and fares have risen less in real terms than disposable income since privatisation, yet the level and structure of rail fares remain the focus of hotly-contested debate.

“The pressure on public spending means Government will need to take a hard look at funding for rail which in turn will have major implications for future fares policy. That is why we think it is right to carry out our review now, so that train companies can help shape Government thinking on this important topic following the general election.”

ATOC will seek stakeholder views on the issues highlighted above and intends to publish a report setting out conclusions and potential recommendations during the summer.

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