Transport fares in London to be held at inflation rate

London mayor Boris Johnson has announced that public transport fares around the capital will only be adjusted to take into account the discredited Retail Price Index inflation measure from July of last year.

Outlining his plans for the tube, bus and train services that run through London, he said the average fare will go up by 3.1 per cent in the new year, in line with inflation.

According to standard.co.uk, Mr Johnson says this “real terms freeze” will help families who are “feeling the pinch” over the Christmas period.

Many had expected a 4.1 per cent rise in fares after the mayor announced plans to save £16 billion on the delivery of transport around the capital. 

Instead, occasional tube and bus users will be pleased to hear of a freeze on Oyster pay-as-you-go fares starting or finishing outside Zone 1, although annual tube season tickets covering six underground zones will rise by 4.3 per cent to hit £2,320 next year.

A single tube journey within Zone 1 will rise by 4.8 per cent, or 10p, to £2.20, while the same type of journey on the bus will go up by 5p to £1.45.

Speaking on Tuesday (December 3) and cited by theguardian.co.uk, Mr Johnson commented: “I have always said I was determined to beat down fares, while ensuring that we can still invest properly in a transport system that is critical to our city’s success.”