Yesterday I co-signed an Early Day Motion on Southeastern Train Fares. It can be viewed HERE. I think it is important to note that the last Labour Government agreed a formula with Southeastern Trains which allowed increases of RPI + 3% until 2011, whereas other operators only have RPI + 1%.
Colleagues from the South East have met with the rail minister Theresa Villiers to firstly, make it clear how unfair this formula is and secondly, to propose a cap on fare rises for Southeastern so that in the future it is no greater than other franchises, so for example, if as reported, those on +1 rise by three percentage points, then Southeastern should only rise by a further +1 percentage point, equalising all operating companies to plus 4%. The Labour Government’s differential formula for Southeastern has placed an unfair financial burden on the South East. Now that the Coalition is also setting out Labour’s economic mess, we need to ensure that the commuters are not further penalised by disproportionate fare increases.
I also intend to write to the Minister and ask her to consider changing the formula from RPI to CPI, which would bring train fares down nearly £100 for an annual (non HS1) travel card.