London tube and bus fares to rise almost 5% from next month

Transport for London’s finances have been hit hard by a fall in passenger numbers during the pandemic. Photograph: Tolga Akmen/AFP/Getty Images

The cost of travelling on London’s tube and bus network will rise by almost 5% from next month, the biggest increase in more than a decade, as the body responsible for running the capital’s transport network struggles to plug a funding shortfall.

The average 4.8% rise, which matches the rate of inflation, means that most fares will increase by between 10p and 20p. However, some bus fares will rise by 6.5%.