{"id":3902,"date":"2024-01-20T01:37:29","date_gmt":"2024-01-19T15:37:29","guid":{"rendered":"https:\/\/www.vibewire.com.au\/?p=3902"},"modified":"2024-01-20T01:37:29","modified_gmt":"2024-01-19T15:37:29","slug":"mayor-announces-freeze-of-tfl-fares-this-year","status":"publish","type":"post","link":"https:\/\/www.vibewire.com.au\/?p=3902","title":{"rendered":"Mayor announces freeze of TfL fares this year"},"content":{"rendered":"

The Mayor of London, Sadiq Khan, has announced that Transport for London<\/a> fares will freeze this year. The Mayor is proposing \u00a3123 million of additional funding to TfL, identified as part of the GLA budget setting process, to freeze fares for a whole year at a crucial time when Londoners are being hit by inflated food costs and\u00a0soaring\u00a0energy bills. \u00a0\u00a0\u00a0<\/p>\n

New analysis shows that\u00a0TfL\u00a0fares set by the Mayor in 2024 will be 14 per cent lower than if they had risen in line with National Rail fares, and 21 per cent lower than if they\u2019d risen in line with RPI since 2016. \u00a0\u00a0<\/p>\n

If TfL fares had increased in line with national rail fares, they would have increased by 4.9 per cent this year\u00a0alone, but the\u00a0Mayor\u2019s decision to freeze TfL fares will put an estimated \u00a3123 million back into the pockets of Londoners. <\/p>\n

Record numbers of people are now using pay as you go as an alternative to travelcards, with 80 per cent of Tube journeys and 74 per cent of bus journeys now made using pay as you go. This means that the vast majority of Londoners will benefit from the Mayor\u2019s decision to freeze fares again.\u00a0\u00a0\u00a0<\/p>\n

Example savings as a result of the Mayor\u2019s latest fare freeze (assuming that fares set by\u00a0TfL\u00a0would have\u00a0increased by four per cent as per its Business Plan assumptions):\u00a0\u00a0<\/p>\n

Someone commuting from Southall\u00a0to a\u00a0Zone One station, like Bond Street on the Elizabeth line, four days a week will avoid\u00a0a potential 20p increase to their Zones 1 to 4 peak single PAYG fare, saving up to \u00a372 a year on their commute alone\u00a0\u00a0\u00a0<\/p>\n

Someone commuting from Harrow-on-the-Hill to a Zone One station, like Baker Street on the Metropolitan line, three days a week will avoid a potential 20p increase to their Zones 1 to 5 peak single PAYG fare, saving up to \u00a354 a year on their commute alone\u00a0\u00a0<\/p>\n

Someone commuting from Hornchurch\u00a0to\u00a0a\u00a0Zone One station, like Westminster on the District line, five days a week\u00a0will avoid a potential 20p increase to their Zones 1 to 6 peak single PAYG fare, saving up to \u00a390 a year on their commute alone\u00a0\u00a0\u00a0<\/p>\n

Buses are the most accessible, available and affordable form of public transport, with the Mayor\u2019s Hopper fare continuing to offer Londoners unlimited bus journeys within an hour for just \u00a31.75. Had the single bus and tram fare increased by 10p again, as was the case for the last two years to ensure TfL complied with the requirements of the government\u2019s emergency funding settlements, someone making a return bus journey every weekday, which did not benefit from the Hopper fare, would have to pay an extra \u00a350 over the course of a year.\u00a0\u00a0\u00a0<\/p>\n

Single and return paper fares on TfL services will also be frozen this year, to ensure that those who prefer to travel without using pay as you go and use single \/ return tickets are not excluded from the fares freeze.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/p>\n

The Mayor of London, Sadiq Khan said:\u00a0\u201cThe cost-of-living crisis continues to hit Londoners hard. That\u2019s why I\u2019ve decided to step in again\u00a0to freeze TfL fares. Not only will this put money back in people\u2019s pockets, making transport more affordable for millions of Londoners, but will encourage people back onto our public transport network. This will help to boost London\u2019s culture, retail and hospitality sectors.\u00a0 \u00a0\u00a0<\/p>\n

\u201cWhile people across the country face another hike in their rail fares, I simply wasn\u2019t prepared to stand by and see TfL customers face a similar hike.\u00a0\u00a0<\/p>\n

\u201cThis is the fifth fares freeze I\u2019ve done since becoming Mayor, making transport in our city 21\u00a0per cent cheaper than it would have been had fares risen by inflation. This shows that whenever I can freeze fares, I do so. \u00a0\u00a0\u00a0<\/p>\n

\u00a0\u201cAs we continue building a fairer, greener and more prosperous London for everyone, making public transport more affordable and appealing will continue to be a key part of my plan.\u201d \u00a0\u00a0<\/p>\n

Shashi\u00a0Verma, Chief Technology Officer at TfL, said:\u00a0\u201cMillions of people travel using bus, Tube and rail services across London and delivering the Mayor\u2019s fares freeze will help encourage more people across London out of their cars and onto public transport. It will also support overall economic growth and improved social wellbeing across the city. Our latest figures show that pay as you go ticketing is now more popular than ever and we continue to work across London to help make travel more convenient for all.\u201d\u00a0\u00a0<\/p>\n

Muniya Barua, Deputy Chief Executive of BusinessLDN, said:\u00a0\u201cThe decision to freeze fares during a cost-of-living crisis will come as a relief to Londoners. Affordable fares are vital for getting more people onto public transport and encouraging more hybrid workers back into the capital, particularly on quieter Fridays.\u201d\u00a0\u00a0<\/p>\n

Dee Corsi, Chief Executive of the New West End Company said;\u00a0\u201cIn the last 18 months, the West End has benefited greatly from investments into transport infrastructure \u2013 most notably the opening of the Elizabeth Line, which has seen Tottenham Court Road become the second busiest underground station in London. Of course, this infrastructure investment will only show returns if the public can afford to make use of it. We therefore welcome the Mayor\u2019s decision to freeze fares for another year \u2013 a move which will benefit workers, shoppers and international visitors alike. Ensuring the West End, and London, remains moving is critical to future growth, and a key component of what makes the capital one of the most vibrant cities globally.\u201d\u00a0\u00a0<\/p>\n

Paul Tuohy, Chief Executive of Campaign for Better Transport said:\u00a0\u201cThis is good news for the millions of Londoners and visitors who use TfL services to travel across the city. Affordable public transport will not only help people with the cost of living, but it will also help with the fight against climate change, after the planet\u2019s warmest year on record.\u201d\u00a0<\/p>\n

Michael Roberts, CEO of London transport watchdog London TravelWatch, said: \u201cLondon\u2019s public transport services are among some of the most expensive in the world, so the fares freeze will bring some welcome relief to hard-pressed passengers.<\/p>\n

\u201cWe hope there will be continued focus on making public transport in the capital more affordable over time, especially for lower-income Londoners.\u201d<\/p>\n

Photo credit: Transport for London<\/em><\/p>","protected":false},"excerpt":{"rendered":"

The Mayor of London, Sadiq Khan, has announced that Transport for London fares will freeze this year. The Mayor is proposing \u00a3123 million of additional […]<\/p>\n","protected":false},"author":0,"featured_media":3903,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[47],"tags":[7,11],"class_list":["post-3902","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-rail-news","tag-transport","tag-usa"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=\/wp\/v2\/posts\/3902","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3902"}],"version-history":[{"count":0,"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=\/wp\/v2\/posts\/3902\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=\/wp\/v2\/media\/3903"}],"wp:attachment":[{"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3902"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3902"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3902"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}