London Bus Fares #2

Meeting: 
MQT on 2011-01-26
Session date: 
January 26, 2011
Reference: 
2011/0364
Question By: 
Len Duvall OBE
Organisation: 
Labour Group
Asked Of: 
The Mayor

Question

In response to Written Question No: 3744/2010 you stated that 'the reduction in subsidy would be achieved by continuing to bear down on costs and by setting realistic, affordable fares'. What calculations/criteria have been employed to establish bus fare affordability and what definition of 'realistic' did TfL apply when establishing the new fare level?

Answer

Answer for London Bus Fares #2

Answer for London Bus Fares #2

Answered By: 
The Mayor

By affordable, I meant a level of fares that did not price people off public transport, which would lead to demand actually falling year on year.

By realistic, I meant fares that reflected the increase in costs involved in providing the service.