LT fares up again
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LONDON Transport has now submitted its second fares increase proposal this year to the Greater London Council for approval.
LT hopes to realise £1 lm this year from the increase and about £40m in a full year. The changes will increase fares by about 121/2 per cent.
To cushion the blow, LT is also planning new off-peak benefits for regular travellers. In addition to incentives for underground passengers, LT is planning to launch a new, easy-to-buy weekly version of the London bus pass and the suburban pass to give "the weekly-paid worker" the freedom of London buses.
Negotiations with the staff on these proposals and how to implement the changes are due to start immediately.