Tube and bus fare hikes unveiled
Updated on 04 September 2008
London's mayor Boris Johnson is due to announce details of increases in Tube and bus fares in the capital after his new administration uncovered an £84 million "financial hole" that needs to be plugged.
Most public transport users will have to shoulder a "small rise" in fares above the rate of inflation from the New Year.
Concessionary fares will remain and the mayor will say that the elderly, disabled, people on income support and war veterans will still benefit from cheaper or free schemes.
The mayor will add that "tough choices" on some transport projects will have to be taken as part of a review currently being undertaken by Transport for London.
Kulveer Ranger, the mayor's Transport Policy Director, said previous mayor Ken Livingstone had left a legacy which had "serious financial consequences", which he claimed had put future investment in transport in London at risk.
He said Mr Livingstone's policies in his last year alone were estimated to have removed more than £80 million from TfL's funding following the freezing of Tube fares in January and the reduction of bus fares.
Mr Ranger accused Mr Livingstone of pursuing "cynical election gimmicks" in the run up to the polls in May which Mr Johnson won.
Mr Ranger said the administration would make sure that those who needed most help to travel around London would receive it.
Some fares will be cut to encourage people to travel off peak.
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