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Sadiq Khan announces biggest London Tube and bus fare hike in a decade

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T

ube and bus fares will rise by an average of almost five per cent in a fortnight, Sadiq Khan announced on Monday.

The hike, which matches the current rate of inflation, is the biggest annual jump in Transport for London fares in a decade and will mean passengers paying an estimated £151m more to travel this year.

Single Tube fares using Oyster or Contactless tickets will increase by 10p in zone one and between 10p to 30p across the rest of the Underground network.

Bus fares will rise by 10p to £1.65 – an increase of almost six per cent, meaning bus passengers will suffer a bigger proportionate rise than those using the Tube.

The increases are on top of already announced changes, such as premium Heathrow Tube fares throughout the day and the ban on free travel for over 60s before 9am, that will generate a further £60m to £80m a year.

The overall fares increase across all TfL services averages 4.8 per cent. It is the second successive across-the-board annual increase imposed by Mr Khan.

Both have been in line with Government orders and driven by the need to rebuild TfL’s finances.

The last time fares rose by this scale was when the then mayor Boris Johnson hiked fares by almost six per cent in 2012.

Key changes announced include:

  • Pay-as-you-go Tube fares in zone 1 up 10p to £2.50.
  • Hopper bus fare that allows multiple journeys within an hour increases 10p to £1.65.
  • Daily “cap” on multiple pay-as-you-go Tube journeys rises 3.8 per cent.
  • Daily “cap” on bus journeys up 30p to £4.95.
  • Retention of free travel for all children under 11.
  • Emirates cable car up 25 per cent to £5, with return tickets axed.
  • Minimum cash fare on the Tube up 80p to £6.30.

Bus and tram fares in March 2022

Current

March 2022

Increase

Single

£1.55

£1.65

6.5%

Daily cap

£4.65

£4.95

6.5%

7 day bus and tram pass

£21.90

£23.30

6.4%

1 day bus and tram pass

£5.20

£5.50

5.8%

Mr Khan faced the challenge of helping to restore TfL’s income – Tube passengers are at 60 per cent of normal – while keeping fares “as affordable as possible” for Londoners.

He said: “Since TfL’s finances were decimated by the pandemic, the Government has set strict conditions as part of the emergency funding deals to keep essential transport services running in London.

“We have been forced into this position by the Government and the way it continues to refuse to properly fund TfL, but I have done everything in my power to keep fares as affordable as possible.”

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