Cost of Freezing Fares

Meeting: 
MQT on 2015-10-21
Session date: 
October 21, 2015
Reference: 
2015/3276
Question By: 
Andrew Boff
Organisation: 
GLA Conservatives
Asked Of: 
The Mayor
Category: 

Question

What would be the funding gap, compared to the current CPI +1 annual projection, of TfL freezing fares each year from 2016 to 2020?

Answer

Answer for Cost of Freezing Fares

Answer for Cost of Freezing Fares

Answered By: 
The Mayor

If there were to be no increases in fares for the next five years this would result in a total reduction in TfL fares income of around £2bn over the period.