Transport for London has revealed its fares income is down £90million in the year-to-date, raising serious questions about the Mayor’s ability to balance the books.
Figures released at the February TfL board meeting show income shortfalls across all forms of transport;
– Overall fares income down £90million due to lower passenger volumes
– London Underground down £43million due to 14 million fewer passenger journeys than budgeted
– Bus fares income down £51million in the year to date as passenger volumes affected by congestion
– London Overground down £7million due to 4 million fewer passenger journeys than budgeted
– Congestion Charge income down £6million due to lower volumes of chargeable vehicles (most likely people modernising cars)
– Fares to increase almost two per cent despite Sadiq Khan’s election pledge
Commuters are paying for the Mayor of London’s broken promise to freeze fares for all Londoners until 2020, says Keith Prince AM.
Fares have increased by 1.9 per cent in January, despite Sadiq Khan promising last year that ‘Londoners won’t pay a penny more in 2020 than they do today’.
Keith Prince, London Assembly member for Havering and Redbridge, said:
“The Mayor was crystal clear in his pre-election promise to freeze fares for Londoners until 2020 – and it is crystal clear who is to blame for it not being delivered.
“A total of 4.5 million regular commuters will see their fares go up this month, proof that the Mayor’s supposed fares freeze is a farce.
“By trying to deflect blame onto the government, Sadiq Khan is failing to take responsibility for his own promises. Londoners are now beginning to see the Mayor’s inability to deliver when it matters.”
Just four weeks after the election the Mayor’s flagship policy has been thrown out of the window. By raising Travelcard prices by inflation and breaking his biggest promise he is turning his back on those who showed faith in him. Hundreds of thousands of commuting Londoners use Travelcards, and thus will never see this freeze.
We’ve already seen Sadiq Khan row back on six of his election pledges – this is added salt in the wound for those who believed in his manifesto. Sadiq Khan was asked about his fares freeze thousands of times during the Mayoral campaign. Not once did he mention that this freeze would not include Travelcards. People may well conclude that he was happy to say anything to get elected and now he’s Mayor he’s very happy to ignore any promise that is inconvenient, and if they do think that who can blame them?
Depending on where you live, you could save up to £1,300 a year if you work part-time, remotely, or choose to walk or cycle for part of the working week. If you have any comments on this graphic or are interested in more graphics on fares send us a message at @assembly_tories or firstname.lastname@example.org
Zone 1-6 travelcard holder about £90 better off
A package of sponsorship deals across London’s public transport could raise the £136 million¹ required to completely freeze passenger fares for a year – leaving a zone 1-6 travelcard holder an estimated £90² better off. Alternatively, passenger fares could be capped at inflation for the next three years if TfL could raise £204 million³ through sponsorship.
A poll of 531 Londoners shows more than 4 in 5 people in the Capital (82%) support more sponsorship across public transport such as renaming existing tube stations (e.g. Virgin Euston), entire tube lines or bus routes.
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