This morning, the Transport Select Committee of which I am a member has published a report. You can find it here.
The reports accepts that investment needs to be made on the railways, and that commuters need to be contributing their fare share.
It also makes the following points.
1) After 10 straight years of rises, Rail fairs cannot keep rising indefinitely.
2) Finding savings and efficiencies cannot be done by compromising safety.
Of course, if you spend half your life commuting on overcrowded trains, you are never going to be happy with any price rises. The balance that needs to be struck is to improve capacity and the quality of services. That is best done by having an open, transparent franchise system and not best done by using price to dampen down demand.