Thursday, 8 November 2012

The bitter taste of the Oyster

Oyster card. Source: Wikipedia
Londoners will spend a fortune on commuting costs from next year.

The London Mayor Boris Johnson yesterday announced above inflation increases averaging 4.2 per cent for bus, tube, DLR and rail tickets from January 2013.

When the Mayor took over in 2008 a single bus fare was 90p, while now it costs £1.35 and will soon rise by 5p to £1.40. According to the new scheme a weekly travel card for zone 1-2 will cost £30.40 and a monthly one £116.80.

Mr Johnson insisted he was keeping transport fares as low as possible, while continuing with crucial investment in the network to provide faster, more reliable and frequent journeys for Londoners by the end of this year.

The second surprise news that the Boris Bike charges will double from £1 to £2 a day, with weekly access rising from £5 to £10 and yearly membership going up to £90, gives rise to further concerns among commuters.

Transport for London said the increase will be the first since the capital’s bicycle-hire scheme was introduced in July 2010 and it is required to make improvements.

Boris Johnson declared he had managed to limit the overall fares increase of the blue bikes by securing an extra £96m from the Treasury. However, there have been questions over the amount of the contribution of key sponsor Barclays.

Meanwhile all free and concessionary travel is protected and the daily ‘pay as you go’ cap will be frozen at 2012 levels.

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