London Mayor Boris Johnson has announced that some London tube and bus fares will rise by above the rate of inflation - so fares will rise by an average of 4.2%. Some public transport fares will rise by even more than this rate.
Mr Johnson said he had managed to keep the bus and Tube price rise down to 1% above the July 2012 RPI inflation rate of 3.2%, by securing an extra £96 million of funding.
What can commuters expect to pay come January 2013?
- Zone 1 & 2 Tube cash fares increase by 4.4% from £4.30 to £4.50.
- Zone 3 Tube cash fares rise from £4.30 to £4.50
- Zone 4-6 Tube cash fares rise from £5.30 to £5.50
- Off-peak PAYG tube and rail fares rise by 7.1% from £1.40 increases to £1.50
- An Oyster Pay-As-You-Go single bus fare rises from £1.35 to £1.40
- Bus and tram fares - PAYG one day cap rises from £4.20 to £4.40
- On the Tube, single Zone 1 pay as you go fare rises by 10p and a Zone 1-6 single fare increases by 20p during the peak (4.2 per cent) or 10p in the off-peak (3.4 per cent) and the adult PAYG single fare for zones 2-6 excluding zone 1 increases by 10p
- Zones 1-2 and 1-4 one day anytime travelcards increase by 40p and zones 1-6 daily travelcards increase by 60p
- Off-peak 1-2 and 1-4 daily travelcards increase by 30p and for off-peak 1-6 daily travelcards the hike is 40p
- The access charges for the Barclays Cycle Hire scheme will increase by 100% - the daily fee rises from £1 to £2 and weekly access will rise from £5 to £10
- Annual membership of the Boris Bikes scheme doubles from £45 to £90
- The Oyster daily PAYG price cap for Tube, DLR, London Overground and National Rail travel will be frozen at 2012 levels to encourage Oyster use over paper tickets.
- On the Buses, Oyster pay as you go fares increase by 5p
- On the buses, a single cash fare rises from £2.30 to £2.40
- A 7 Day Bus and Tram Pass increases from £18.80 to £19.60
- 7 Day travelcards between zones 1-6 rise by between £1.20 and £2.20 depending on which zones you want to travel to
- Cash fares rise by a minimum of 10p because TfL doesn't accept 5p coins
- All free and concessionary travel is protected, including the new 60+ London Oyster card
There are more details on the price rises here.
Watch Simon Harris's report: