Sadiq Khan announces that London bus and tube fares will increase by an average of 4.8%

The Mayor of London, Sadiq Khan, today set out details of the price changes required for TfL services from 1 March 2022, under terms set out in the short-term extension to TfL’s funding agreement with the government.

The mayor said he had done all he could to keep this increase as low as possible for Londoners and was ‘helping to ensure that the capital’s economic recovery is both green and sustainable’ by encouraging people to use public transport and return to central London.

Details released today show fares will increase by an average of 4.8%.

These rate changes are put in place to help ensure that TfL can achieve financial sustainability by April 2023 in line with the long-term objective of the funding agreements, while ensuring that the rate increase is as affordable as possible. possible for Londoners, the mayor said.

While the overall level of fares set by TfL will increase by an equivalent of RPI+1, some individual Metro fares will increase by more or less than this amount due to rules stating that increases can only be made in increments of 10 pence.

Tube-only fares in Zone 1 will drop from £2.40 to £2.50. Passengers traveling longer distances on TfL services will see a slight increase to bring them more in line with nearby National Rail fares.

While single pay-per-view fares on the Tube, DLR and most TfL-run rail services will rise by RPI+1, single fares on buses and trams will rise by 10p to £1.65, and the cap daily will increase by 30 pence to £4.95.

Given that rail revenues are significantly higher than bus and tram revenues, and TfL has planned an overall fare increase of RPI+1 to achieve financial sustainability in line with funding agreements, bus and tram fares will have to increase by the equivalent of RPI + 2.7% to reach the overall increase.

The ‘Hopper’ fare, which was introduced by the Mayor in September 2016, remains in place and will continue to save Londoners money by offering unlimited one-hour bus and tram journeys for the price of one rate.

Since its introduction, more than 600 million Hopper fare trips have been made. Sadiq has taken steps to ensure that all current concessions, including free travel for young people under 18 and discounts for students, apprentices and those with certain benefits, also remain in place.

Mayor of London Sadiq Khan said: “Public transport should be affordable for everyone, and I have taken bold steps to achieve this since becoming mayor by introducing the Hopper unlimited bus fare and freezing all TfL fares from 2016 to 2021 – saving the average London household exceeds £200.

“Since TfL’s finances have been decimated by the pandemic, the government has set strict conditions under the emergency funding agreements to maintain essential transport services in London. We have been forced into this position by the government and the way they continue to refuse to properly fund TfL, but I have done everything in my power to keep fares as affordable as possible.

Shashi Verma, Chief Strategy Officer at TfL, said: “This tariff package aims to keep tariffs as affordable as possible while ensuring that TfL can continue to offer clean, green and safe services and support the continued recovery. economy of London. With daily and weekly capping, as well as Hopper fare and our wide range of concessions, passengers can continue to receive the best fare using pay-as-you-go with contactless and Oyster.