LONDON: LONDON: Mayor of London, Sadiq Khan has confirmed that Transport for London (TfL) fares will remain frozen for another year. The mayor said all fares on buses and trams, plus single pay-as-you-go Tube and DLR fares, will remain the same until the end of 2020.
This is in line with the commitment he made to freeze fares for four years after becoming mayor in May 2016. Daily and weekly price caps, plus weekly, monthly and annual travelcards, are not included in the freeze.
Passengers will pay an extra £70 million in fares next year despite London Mayor Sadiq Khan’s efforts to freeze prices, it can be revealed.
Mr Khan announced on Monday that single “pay-as-you-go” Oyster and contactless bank card fares would be frozen for a fourth successive year. But daily, weekly, monthly and annual Travelcards will rise by an average of 2.8 per cent from January 2, under the government system for funding the rail industry that is beyond City Hall control.
Transport for London calculates that an additional £51 million will end up in its coffers as a consequence of the above-inflation increase in Travelcard prices, and the linked increase in the fares cap for people making multiple pay-as-you-go journeys. TfL will receive a further £19 million from passengers encouraged to travel as a consequence of the Mayor’s partial fares freeze.
TfL says 2.4 million bus trips a day and 1.7 million pay-as-you-go daily journeys on TfL suburban rail services will cost no more than they did four years ago.
It predicts that its total fares revenue will rise by £51 million, or 1.1 per cent, in 2020 — £33.4 million for London Underground, £9.2 million for bus travel and £8.4 million for London Rail and TfL Rail. Freezing pay-as-you-go rates is expected to generate £19.4 million worth of new journeys — £10.4million on the Tube, £6.5 million on buses and £2.5million for London Rail and TfL Rail.