Transport Secretary Patrick McLoughlin has defended the expected rise in rail fares next year saying that the rail network is in need of "huge investment". He told the BBC:
– Patrick McLoughlin, Transport Secretary
Nobody likes to see rail fares go up. I don't like to see it and passengers don't like to see it. We are massively investing in the railways, with £130 million being spent here at Nottingham, £800 million at Reading and £600 million at Birmingham.
Pressed to say when the government plans to end above-inflation fare rises, he said that the Office for Budget Responsibility has a target to do so in 2015.
He said that just over £8 billion was raised by ticket sales and just under £4 billion by taxpayers for the UK's rail services.