Transport for London (TfL) is set to introduce its price rises across the board on January 2nd. The average rise is 2.5 per cent, which TfL describes as “a real-terms freeze”.

The rises are structured to provide benefits to part-time and flexible workers, as well as discouraging the use of paper tickets.

For example, a single pay-as-you-go Oyster card fare will rise by five pence for bus and tram journeys, and by one penny for Underground travel. However, the daily Oyster card cap has been reduced from £15.80 to £10.90 for zones one to five. This is aimed to effectively offer season ticket rates to those who travel to work only a few days each week, or have erratic shift patterns.

Travelcards have seen the highest increases, with both the anytime day travelcard for zones one to four and the off-peak day travelcard for zones one to five rising to £12 from £11.40 and £8.90 respectively.