Government announces first rail fare freeze in 30 years

ODN

Rail fares are to be frozen for the first time in 30 years, in a move announced ahead of Wednesday’s Budget. Transport Secretary Heidi Alexander said the measure is intended to ease cost-of-living pressures, alongside plans to bring train operators into public ownership and create Great British Railways to improve reliability and affordability.   Report by Etemadil. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Transcript

00:00We're announcing that we will be freezing rail fares for the first time in 30 years.

00:07The Chancellor and I are acutely aware of how important affordability is to the travelling

00:12public and so when it comes to the rail network we're determined to ensure that hard-working

00:17commuters and families can keep more of their hard-earned cash.

00:22We've seen in the last decade and a half a relentless increase in fare prices.

00:29We need to stop that.

00:31We saw a 60% increase under the Conservative government between the years of 2010 and 2024.

00:37So that's why we're stepping in and we are giving a new generation of commuters a fares

00:43freeze pretty much for the first time in their lives.

00:46We're also stopping the leakage of private profit to the private train operating companies as

00:51we're bringing those back into public ownership and we're setting up Great British Railways

00:56as well to make sure that we give the travelling public more reliable journeys, that we better

01:01integrate the management of the tracks and the trains and that we build a railway that's

01:07really fit for the 21st century.

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