TfL's new year fare increase of less than RPI on average to come into effect on 19 January 2014
Fares across Transport for London (TfL) services will now rise by less than RPI on average - 2.7 per cent - in 2014 and will come into effect on Sunday 19 January 2014.
The amendment to previously announced fare changes follows the announcement by HM Government that National Rail (NR) fares have been held down to RPI only on average from the new year.
No fares for TfL services will increase from those previously announced on 3 December, which means when factoring in the NR Travelcard fares, the average increase for London now represents a less than RPI increase.
Due to the timing of the Government's announcement and the need to implement a revised set of fares, the new TfL and London Travelcard fares will come into effect from Sunday 19 January 2014.
Customers will be able to purchase tickets at 2013 prices until 18 January 2014.
All Train Operators' fare changes for travel within London will also be introduced from 19 January.
TfL's revised Business Plan sets out how £16bn of efficiencies and savings are being made across TfL to support the billions of pounds of investment in transport infrastructure over the next ten years.
TfL will continue to identify and make savings and efficiencies that will keep fares down as well as developing the commercial strategy to meet revenue targets.
The key elements of the January 2014 fares package are:
- On the Tube, only three pay as you go fares, the Zone 1 peak and off-peak adult fares and the Zone 1-2 off-peak fare, will increase by 10p
- All other Oyster pay as you go single fares for the Tube, DLR and London Overground will remain frozen at 2013 prices next year. Cash single fares, which are only used by around one per cent of Tube users, will increase by 20p
- Oyster pay as you go caps frozen for the second year running to improve value for part time commuters, which is expected to benefit around 200,000 people a week
- On the buses, the pay as you go fare on Oyster and contactless payment card increases 5p to £1.45 while the daily cap and cash fare is frozen
- The 7 Day Bus & Tram Pass will increase by 60p to £20.20
- The off-peak One Day paper Travelcard range will be simplified to the Zone 1-6 off-peak ticket only and it is frozen at 2013 prices. Anytime One Day paper Travelcards will rise in line with National Rail fares
- 7 Day Travelcards, and corresponding monthly and annual Travelcards, will increase in line with inflation, reflecting the link with regulated National Rail fares
- All free and concessionary travel for young, elderly and disabled Londoners, as well as Veterans and members of the Armed Forces, has been protected in full
- Fares on the Emirates Air Line will increase by 10p except for multi-trip Oyster fares for regular users which will remain at £1.60
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