We were out at Stoke Newington station this week highlighting Boris Johnson's fare increases as Londoners were returning to work.
These latest fare rises mean that since 2008 (when Boris Johnson was elected as Mayor):
- A single bus ticket has increased by 50%, from 90p in 2008 to £1.35 in 2012. This year's increase alone is £1.30 to £1.35 for a single journey.
- A weekly bus and tram pass has increased by 45%, from £13 in 2008 to £18.80 in 2012. In 2012 alone the increase is 5.6%, from £17.80 to £18.80 for a weekly pass.
- A weekly zone 1-2 travelcard has increased by 21%, from £24.20 in 2008 to £29.20 in 2012.
- A weekly zone 1-4 travelcard has increased by 21%, from £34.60 in 2008 to £41.80 in 2012
- A weekly zone 1-6 travelcard has increased by 20% since 2008 from £44.60 to £53.40 in 2012
This is despite the fact that TfL has a significant surplus on its operating budget, which increases every year.
Ken Livingstone has pledged to cut fares if elected and keep them down, saving Londoners an average of £1,000 over four years. You can find out more here.