Responding to the National Audit Office report on reducing Department for Transport costs, an ATOC spokesperson said:
“The government announced last month that regulated fares across most of England will rise by an average of the retail price index (RPI) for inflation plus one per cent from January.
“This is a change from what the government had announced last year when it said it wanted these fares to rise by RPI plus three per cent in 2012.
“All the additional money raised by the switch from RPI plus one to RPI plus three would have gone back to the government.
“When RPI plus three per cent is applied in 2013 and 2014, all the extra money raised will go back to the government.”
