30 December 2014/Categories: Industry News
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.
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