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Navin's News: Fares increase

Mayor committed to 20 years of above inflation fare rises

Mayor Boris Johnson today rejected calls from local Assembly member Navin Shah to cut the cost of public transport in London in a row over fares at City Hall. The Mayor confirmed he is committed to putting fares up above the rate of inflation every year for the next twenty years.

Pressing the Mayor to "put commuters first", Brent and Harrow's London Assembly Member Navin Shah said "Londoners are paying more and getting less” under Boris Johnson.

TfL’s operating budget currently has a surplus of £727 million, which means fares could be cut by 5% to help put money back into the pockets of commuters. Labour Assembly members today called on the Mayor to use the money to lower fares.

But Boris Johnson said he remained committed to increasing fares above inflation for the next twenty years, saying a cut is "the last thing Londoners want or deserve”. He said reducing fares "is not right thing for this city."

The Mayor described the under-spends in TfL's budgets as "completely irrelevant" and said that cutting fares would be a "historic mistake".

 

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Speaking at City Hall today, Labour's London Assembly Member for Brent and Harrow Navin Shah said: "Since Boris was elected, fares are up as much as 56 per cent. Tube delays are up 10 per cent – we’ve just had the worst week of delays and closures.

"A travelcard now costs residents in Brent and Harrow almost £400 a year more. Londoners are paying more and getting less but the Mayor still wants to raise fares above inflation every year for the next twenty years. He should be putting be commuters first and cutting fares instead of raising them"

Fares have gone up above inflation every year since Boris Johnson was elected. A single bus fare is up 56 per cent. In the same period the average annual operating surplus at TfL has been £301 million.

 

 

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12th October 2011