Boris Johnson was left red-faced today after the Chancellor announced the rise in rail fares would be capped in line with inflation.
Closer examination of the figures paints a slightly different picture to the one the Mayor wants us to believe.
Fares in London are, on average, being held at the inflation rate for 2014 but some Tube season ticketholders will have to fork out more.
– Mayor of London spokesperson
"The Mayor sees Barclays' support as one of the core reasons this scheme has been such a success, and far from pulling out, their commitment through to the end of 2015 means cycle hire continues to grow - later this week the Mayor will celebrate that at the opening of the latest scheme in south-west London. From 2016 there will be a new sponsor to help us take the scheme forward in the years to come."
Barclays is to end its sponsorship of the capital's "Boris Bikes", introduced by London Mayor Boris Johnson to the capital in 2010.
The bank's logo has adorned the blue cycles since their introduction three years ago.
But TfL will be forced to look for a new sponsor after Barclays announced plans to discontinue the deal at the end of its contract in 2015.
The announcement comes in the wake of concerns over cycling safety in the capital, following a spate of deaths of London's roads.
However, a Barclays spokesman said the decision had nothing to do with the recent tragedies.
Boris Johnson says his cycle safety priority is improving 33 dangerous junctions in the capital.
He had said he'd improve 100, but says the money will be better spent on targeting fewer roads.
Our Political Correspondent Simon Harris reports from a cycling seminar held at City Hall today.
Boris Johnson has come under fire for his latest promises to improve cycle safety at the capital's road junctions.
The Mayor said in the next few months, Transport for London will set out a programme to make 33 junctions safer.
But the Green Party claims his plans still don't go far enough, and more urgent action is needed.
The Sun's Political Editor has said that Conservative MP Zac Goldsmith want to run for Mayor of London in 2016 as part of a job swap with Boris Johnson.
Boris Johnson struggled to work out how much he would have to pay in the New Year when fares go up. On LBC 97.3 he was asked how much a one-way ticket from Angel to London Bridge would cost. The Mayor referred to a series of tables, and then got the figure wrong saying:
"It seems unbelievably expensive to me. That's outrageous. That cannot possibly be right."
Watch in full below
Even Boris Johnson seemed confused over the cost of public transport fares in 2014. During his regular LBC 97.3 phone-in show London's Mayor was asked much a one-way ticket from his nearby station Angel to London Bridge would cost. Boris Johnson replied:
Oh blimey. I've got the figures here... A cash single, it is currently, in zones one to seven, it is £6.70. Can that be right? That's what it says here. Seems unbelievably expensive to me. That's outrageous. That cannot possibly be right.
After a pause to study the figures, London's Mayor continued:
Oh zone one, here we go, £4.50.