The cost of living crisis ratcheted up this morning, as Londoners received the news of a 4.8 per cent rise in TfL fares. This represents the largest annual rise in a decade and will mean passengers paying an estimated £151 million more to travel this year.
For instance, pay-as-you-go Tube fares in Zone 1 are up 10p to £2.50, the hopper bus fare that allows multiple journeys within an hour increases by 10p to £1.65 and the daily “cap” on multiple pay-as-you-go Tube journeys rises by 3.8 per cent.
