Transport: Finance

(asked on 16th February 2024) - View Source

Question to the Department for Transport:

To ask the Secretary of State for Transport, whether he has made an assessment of the potential merits of introducing (a) social tariffs and (b) other forms of financial support for (i) public transport and (ii) car insurance.


Answered by
Guy Opperman Portrait
Guy Opperman
Parliamentary Under-Secretary (Department for Transport)
This question was answered on 26th February 2024

The Government is taking action to ensure that public transport is affordable for people across the country. We have made significant investments in public transport to help make services more frequent, more reliable, cheaper and easier to use.

In January 2023, the Department introduced the £2 cap on single bus fares in England outside of London, which has been extended until the end of 2024. The increase to most regulated rail fares will be capped at 4.9% instead of the July 2023 RPI figure (9%) which has historically been used to calculate fares changes. This is set to come into effect on 3 March 2024, so passengers benefit from cheaper fares for longer. A range of railcards is also available which offers discounts to particular groups.

My officials regularly liaise with representatives of the motor insurance industry on a range of issues. However, it is the responsibility of individual motor insurers to set their premiums and the terms and conditions of their policies, and the Government does not intervene in, or seek to control, the market.

The Department also undertakes research to help inform our policy making and gives due consideration to the travel needs, behaviours and experiences of different groups.

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