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Tube headquarters set for revamp

The overground embodiment of London's Underground Tube network is to undergo a mass transformation, transport bosses will announce today.

The Underground's historic home, 55 Broadway, is to be redeveloped into residential accommodation as part of plans by Transport for London (TfL) to generate more non-fare revenue.

Bosses expect the Grade I listed Westminster building, which has stood for 85 years, to be converted from offices into new retail units and residential space, including some affordable housing.

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Experts say going cashless is part of a 'seismic shift' in shopping habits

When asked about London buses going cash free from today Dave Hobday, Managing Director of Worldpay UK, the country's leading payment processing company has said the move is part of a wider shift.

We're on the cusp of a seismic shift in shopper behaviour, and predict that everyone from farmers markets to buskers will go cashless.

Contactless kills queues and means businesses never lose a sale during peak times.

– Dave Hobday, Worldpay UK

Ten years ago around 25% of journeys were paid for with cash, but now it's less than 1% .

Over 44,000 passengers a day use 'One More Journey'

In the last month over 44,000 bus passengers a day have used the 'One More Journey' feature introduced to ease the transition of buses going cash free.

It allows users to make one more journey should they not have enough credit on their Oyster card or if their travel card or pass has just expired.

Of those passengers, over 80% have topped up before making a further journey. As a result of this, cash fares dropped and so were only used for 0.7% cent of all journeys on London buses.

Passengers can make one more journey if they have run out of credit on their Oyster card Credit: PA

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One person every day hospitalised in bus crashes

New figures released by Transport for London have shown that one person is hospitalised every day in a bus crash in the capital.

Crashes like this cause one person to be hospitalised every day Credit: Reuters

The report showed that 86 people had been taken to hospital in accidents over the past three months, which equates to an average of one each day. Boris Johnson will face questions on the figures at Mayor's Question Time later this afternoon.

Where does the money raised by the charge go?

Since the Congestion Charge was introduced in 2003, TfL says more than £1.2 billion of revenue has been re-invested in transport, including:

  • £960m on improvements to the bus network
  • £102m on roads and bridges
  • £70m on road safety
  • £51m on local transport/borough plans
  • £36m on sustainable transport and the environment
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