REVIEW OF RAIL FARE REGULATION

That this House notes that the UK has the highest train fares in Europe; further notes that the Government is cutting its financial contribution to rail and making passengers pay a greater share, and that this policy leads to fare increases on regulated and unregulated tickets in real terms every year, which will mean ticket price rises in real terms in 2010, even though there may be a nominal decrease in some tickets due to deflation; further notes that rail is a low carbon mode of transport; recognises that modal shift to public transport could achieve significant carbon reduction; and calls on the Government to review current rail fares regulation and policy, with a view to reducing fares to encourage more people to take the train instead of driving or flying.