Boris Johnson has agreed that London public transport fares will only rise with inflation in 2014 to help commuters with the cost of living.
The Evening Standard is reporting that tickets will only rise in line with the 3.1 per cent inflation rate on average from January – which is 1% less than the expected rise of 4.1%. According to the newspaper, some of the key announcements from City Hall include:
- Most Oyster PAYG fares for the Tube, DLR & Overground frozen at 2013 prices.
- Zone 1 peak & off-peak single tickets & Zone 1-2 off-peak single ticket will increase by 10p.
- Cash fares for a single bus journey frozen at £2.40 but Oyster PAYG or contactless card rise by 5p to £1.45. A 7-day bus pass rises 80p from £19.60 to £20.40.
- Cash Tube single fares jump 20p to £4.70.
- No rise on daily maximum charged to Oyster PAYG.
However, there is some disappointment for some commuters as other tickets, including Travelcards, will go up by more than inflation.
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.