Transport chiefs have not yet justified a potential seven per cent rise in Tube and bus fares next year, a new report from the London Assembly says today.
The Assembly’s Budget and Performance Committee says demand for public transport during the economic downturn has been higher than expected and so Transport for London (TfL) has collected more money from fares than it forecast. TfL also recently said that it does not intend to use fares to pay for the reduction in its government grant this year or its takeover of Tube Lines.
The Committee’s report ‘Balancing Act’ therefore calls on TfL to publicly justify why it plans to recommend to the Mayor that fares should rise by two per cent above inflation in 2011.
15:52, 03 Aug 2010
by Matthew Rees