MD1243 January 2014 Fare Changes

This paper sets out Transport for London’s (TfL’s) fare change proposals to be implemented from 2 January 2014. The proposals will freeze TfL fares in real terms matching the annual increase in fares to the increase in the Retail Price Index (RPI) in the benchmark month of July 2013. Fares under the control of the Mayor will go up by less than RPI.

Travelcard season prices increase by 4.1% reflecting the link with National Rail fares and the latest guidance from the Secretary of State for Transport that regulated NR fares should rise by 4.1% (RPI+1%) in January 2014.

The one day bus cap and all the One Day multi-mode caps are all frozen to provide a better deal for part-time workers and commuters.

On the Underground all single fares are frozen except for the Zone 1 fare and the off-peak Zones 1 to 2 fare, which increase by 10p. Overall PAYG fares go up by 1.8%, just over half the inflation rate.

The bus PAYG single fare increases by 5p to 145p. Bus & Tram Pass season price increases by 4.1% whereas the bus One Day Cap is frozen.

The One Day Travelcard range is simplified, with certain off-peak tickets withdrawn. All the One Day caps are frozen to promote switching to Oyster and Contactless Payment.

The Train Companies have agreed to offer holders of 16 plus Zip cards half price PAYG from January 2014, aligning their fares with the concession already available on TfL Rail services. The daily PAYG caps for holders of 16 plus Zip cards are also reduced to half the adult rate. Otherwise the scope of all fare concessions on TfL Rail services is unchanged in 2014.