Tube and rail fares to rise in London next year by inflation-busting amount
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TUBE and rail fares in London are set to rise by 4.6% from next year, Sadiq Khan has confirmed. Ticket prices across the nation's capital will be hiked from March 2 in line with national rail fare increases. The government confirmed in Budget documents in October train fares will be hiked by the same percentage in months.
Both rises are one percentage point above July's Retail Price Index (RPI) measure of inflation. The RPI is a measure of inflation that's published monthly and is used to measure the change in the cost of retail goods and services. Bus and tram fares in London will be frozen at £1.75 for unlimited journeys within an hour.
However, the train and tube price hikes will heap more misery on commuters who cannot drive or walk to work. It means a day of travel across London costing £10 now will go up to £10.48. Commuters looking to find out how much tube and train fares currently cost can visit www.tfl.gov.uk/fares.
Sadiq Khan 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, as we continue building a fairer, safer and greener London for everyone.".