Fares - Joined Up Policy

Meeting: 
MQT on 2009-05-21
Session date: 
May 21, 2009
Reference: 
2009/1333
Question By: 
Len Duvall OBE
Organisation: 
Labour Group
Asked Of: 
The Mayor

Question

In your Economic Recovery Action Plan you claim that you will seek 'further significant savings at Transport for London to reduce pressure on fares ... .over the next nine years'. How can this be true when you have already committed to 'increase all TfL ... fares at the rate of the Retail Price Index plus 1% each January' for the next ten years in the recent TfL Business Plan?

Answer

Answer for Fares - Joined Up Policy

Answer for Fares - Joined Up Policy

Answered By: 
The Mayor

The Retail Price Index plus 1% is an assumption in the TfL Business Plan. However, I will set fares annually in light of the circumstances at the time and with a view to keeping them affordable for all Londoners and visitors to the city. The decision on 2010 fares will be made later this year and will be based, in part, on the Retail Price Index figure in July 2009.

I am committed to reducing pressure on fares. Last November, I announced that the elderly would benefit through the extension of the Freedom Pass to 24 hours, and war veterans in receipt of a pension would also travel for free. In January, I launched a 50 per cent discount bus and tram travel scheme for Londoners on Income Support and a new daytime off-peak, with reduced fares across the Tube and DLR between 9.30am and 4.00pm.