Posted by Now London on Sep 14, 2011 in Fare increases, Mayor, News, Transport | 0 comments

Following the publication of Boris Johnson’s bus, tube, tram and rail fare increases today Ken Livingstone said,
”London already has some of the highest fares in the world, but instead of putting squeezed Londoners first, Boris Johnson is sticking to further stealth-taxes on fares even as he argues for tax cuts for the rich.
“These fare rises are absolutely staggering. Under Boris Johnson the price of a single bus fare will be 56 per cent higher, a huge attack on ordinary Londoners and right across the board fares are soaring.
”Under the Tories, Londoners are less well off with every day that passes.
”Fares will be a central choice in next May’s election and in the coming weeks I will set out a fairer fares plan that puts Londoners first.”
Val Shawcross AM said:
“This decision by Boris Johnson to raise fares again is hugely damaging to millions of Londoners and will now be one of the central issues in the election campaign.
‘With Ken, Labour will propose a fairer package and aim to put Londoners first after four Tory years of indiscriminately squeezing the great majority of Londoners, from the suburbs to central London.”
Today’s announcement by Boris Johnson means:
Single bus ticket up 56%
· was 90p in 2008
· will be £1.40 in 2012
Costing Londoners £260 a year more
Weekly bus and tram pass up 47%
· was £13.00 in 2008
· will be £19.10 in 2012
Costing Londoners £317 a year more
Weekly zone 1-2 Travel Card up 23%
· Was £24.20 in 2008
· Will be £29.80 in 2012
Costing Londoners £291 a year more
Weekly zone 1-4 Travel Card up 23%
· was £34.60 in 2008
· will be £42.60 in 2012
Costing Londoners £416 a year more
Mayor confirms fares increase for 2012 to support unprecedented £12billion investment in London’s transport network
The Mayor of London, Boris Johnson, today confirmed that from January 2012 fares on London’s Tubes, Buses, London Overground, Docklands Light Railway (DLR) and Trams will rise by the level set out two years ago in Transport for London’s (TfL) Business Plan. This will maintain essential day to day public transport services and help continue record investment in London’s extensive transport network, which is experiencing surging passenger demand. All free and concessionary travel for older people, students, Veterans and disabled Londoners has been protected in full, which means that 40 per cent of bus passengers will continue to travel free or at a substantial concessionary rate.
From 2 January 2012, fares on TfL’s services will rise by an average of RPI + 2 per cent, the assumption outlined in TfL’s Business Plan in October 2009. Based on July’s RPI figure of 5 per cent, this represents an average 7 per cent fare increase across TfL services and Oyster pay as you go. Within this average there will be some TfL fares that go up less than 7 per cent, and some slightly more either due to small increments in rounding or because they are fares involving National Rail services but every effort has been made to ensure that this is distributed as evenly as possible across individual fares.
Following the Mayor’s successful campaign last year to protect Government contribution to TfL’s funding, unprecedented investment in London’s transport network will continue totalling £12billion over the Mayor’s four year term. This is an increase from £8billion investment from the previous administration.
The current investment programme includes upgrades to the Tube, now carrying a record 1.1billion passengers a year, delivery of Crossrail, and the maintenance of London’s frequent, extensive, reliable and accessible bus network, which is now carrying almost 2.3billion passengers a year – more than any other time since records began in the 1960’s. Further extensive improvements have also been made on the DLR and London Overground, both of which are also experiencing record ridership. Investment is vital for the transport network to continue to develop and improve and to meet future demand, which is set to grow yet further.
Mayor of London, Boris Johnson, said: “Despite some of the toughest economic times in living memory, I have secured unprecedented levels of investment for London’s transport network totalling £12billion over my four year term of office. Not since the days of our Victorian forefathers has there been improvements of this scale which includes upgrades and capacity increases ahead of 2012 and beyond to Crossrail. At the same time, we are focusing as never before on providing value for public money by committing to find significant savings of £7.6billion at TfL, over two thirds of which have now been secured.
“Income from fares is vital to ensure the on-going health of London’s transport network, keeping services running for the billions of passengers who rely on them day in, day out. This is a fares package that continues my aim to put Transport for London’s finances on a steady footing, moving us away from the boom and bust approach undertaken by my predecessor when we saw a succession of draconian increases and knee-jerk, unaffordable pre-election freezes.
“This year, as Londoners begin to experience the benefits of that investment through more frequent and reliable journeys, I am also once again able to protect all free and concessionary travel for people who rely on public transport most, including older people, disabled veterans and those on lower incomes.
“I understand that any increase in tough times is difficult. This is a package that has sought to balance the needs of today’s passengers whilst ensuring we continue apace with plans to overhaul London’s transport system in the face of unprecedented demand.”