London Underground and rail fares will be up by an average of 4.6 per cent next year. However, Sadiq Khan announced that bus and tram fares will be frozen.
The rise comes into effect from March 2, 2025. The daily cap will increase by 40p to 70p depending on the zone. Bus and tram fares remain frozen at 2016 prices.
Unlimited journeys are £1.75 within an hour. The money will be reinvested in Transport for London (TfL), said Mr Khan, reports the BBC .
The mayor said: "Following the government's budget, ministers made clear that to secure national funding for key transport projects in the future, TfL Tube and rail fares would need to increase in line with national rail fares. Vital national government funding will allow us to progress exciting future projects, such as Superloop 2 and more upgrades to the Tube network." Concessions will stay the same The 4.
6 per cent increase on average is because of a need to round fares - meaning some fares are going up by a little more, and some a little less. A single pay-as-you-go fare in zone 1, for example, will increase by 10p from its current price of £2.80 Concessions, including Zip photocards, the 18+ student photocard, the 18-25 Carer leavers pass and the 60+ London photocard will remain unchanged, said TfL.
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London Underground fares to go up in 2025 but bus fares frozen
Tube and rail fares will be up by an average of 4.6 per cent