Promise on household budgets
Cameron pledges five-year freeze on rail fares to help commuters
The existing rules cap overall fare rises at 1% above the RPI measure of inflation, with variations permitted on some routes. The Tories would cap this until 2020.
Mr Cameron’s plan is likely to play well among tens of thousands of commuters, particularly in the crowded southeast.
The Prime Minister said: “The cost of commuting is one of the biggest household bills that hardworking families face and it is something we are determined to bear down on.
“It shouldn’t just be taken for granted that people across the country who get up early and come home late, spend a large amount of the money they earn travelling to and from work.
“Because of the difficult decisions that we have taken to repair the economy, we have been able to hold down commuter fares for the past two years. If elected in May, we would freeze them in real terms for the next five.”
He argued that commuters had ended up paying above-inflation fares under the last government and that they would “ensure that it happened all over again”.
The Conservatives say the would save the average commuter approximately £400 over the course of the parliament. It will be extended to Transport for London fares for the duration of Boris Johnson’s tenure as Mayor of London.
Mr Johnson said: “The Prime Minister’s announcement is fantastic news for the millions of people who travel by rail in London each day, unlike the inflation-busting fares rises under the previous Labour Government.”\