TfL

Meeting: 
MQT on 2004-12-15
Session date: 
December 15, 2004
Reference: 
2004/1944
Question By: 
Peter Hulme Cross
Organisation: 
One London Party
Asked Of: 
The Mayor

Question

At MQT on 20th October, you said that "you cannot get much beyond what we are expecting people to pay" on Underground fares. TfL's Five Year Plan states that if fares don't rise above inflation, other charges must be raised further to compensate. Does this mean that you plan to raise bus fares further to pay for the Underground, or that you plan to raise the Congestion Charge further, to pay for both?

Answer

Answer for TfL

Answer for TfL

Answered By: 
The Mayor

The Spending Review 2004 settlement reached with Government did not provide everything TfL had bid for. Therefore, TfL had to make some hard decisions on both spending priorities and fares to produce a financially balanced Business Plan. TfL's new Business Plan of 2005-06 to 2009-10 is predicated upon above-inflation increases in fares, the Congestion Charge, and other transport-related income.

In September, I announced the newest fares package, which included retail price index plus 10% increase on bus fares, to be taken alongside free travel on buses for all under 16 year olds by September next year and retail price index plus 1% on the Underground. I have also asked TfL to consult on an increase to the Congestion Charge from £5 to £8 for private cars. TfL will closely monitor the impact of this year's fares increase on Londoners' travel patterns, and all findings will feed into next year's decisions on fare levels, which are likely to be of the same order.