London fares rise

London mayor Boris Johnson has announced an above-inflation increase in tube and bus fares in the capital. Fares will rise by an average of 4.2% in January. .

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  1. Simon Harris

Boris announces 4.2% rise in London Tube and bus fares in January

London mayor Boris Johnson has announced an above-inflation increase in tube and bus fares in the capital. Fares will rise by an average of 4.2% in January. .

That's one per cent above July's Retail Price Index figure of 3.2% - but the rise is less than feared following a £96m bailout from the government. The Mayor's business plan was committed to a rise of RPI+2% to maintain investment in public transport.

An Oyster Pay-As-You-Go single bus fare rises from £1.35 to £1.40. A Zone 1 Oyster tube fare increases from £2.00 to £2.10. The access charges for the Barclays Cycle Hire scheme will increase by 100% - the daily fee rises from £1 to £2.

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Capital's bus and Tube fares set to rise from January

London's mayor Boris Johnson is about to tell passengers how much fares will increase on the capital's transport network.

Fares on Tube, bus, London Overground, Docklands Light Railway, boats and trams are set to rise in the New Year.

There is speculation that the rise may be 1% above the Retail Prices Index (RPI) inflation, akin to the increase seen in train fares.

At the moment a single ticket on Tube, London Overground and DLR from zone one to two costs £2.70 on an Oyster card and £4.30 in cash.

A single bus or tram journey on the card costs £1.35 and the cash fare is £2.30.

Last month the government announced that from January the average fares on mainline trains will rise by 4.2 per cent rather than 6.2 per cent.

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