Asked by: Lord Walker of Broxton (Labour - Life peer)
Question to the Department for Transport:
To ask His Majesty's Government what assessment they have made of the impact on household budgets of the freeze of regulated rail fares announced on 25 November 2025.
Answered by Lord Hendy of Richmond Hill - Minister of State (Department for Transport)
The fares freeze is expected to save existing rail passengers £600m in 2026/27, putting money back in the pockets of hardworking people when they need it most. This will include savings of more than £300 per year for some commuters.
This is the first time in 30 years that passengers will benefit from a freeze, and this historic intervention recognises the importance of affordability for rail passengers. In addition to the fares freeze we are also reforming fares more broadly across the system, making it easier for passengers to feel confident they are buying the right ticket for their journey.