This article is from the source 'bbc' and was first published or seen on . It will not be checked again for changes.
You can find the current article at its original source at http://news.bbc.co.uk/go/rss/-/1/hi/england/london/7597062.stm
The article has changed 8 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| Mayor raises bus and Tube fares | Mayor raises bus and Tube fares |
| (10 minutes later) | |
| London passengers could be hit with an above inflation rise in fares on buses and the Tube to plug an £84m "financial black hole". | London passengers could be hit with an above inflation rise in fares on buses and the Tube to plug an £84m "financial black hole". |
| The rises are to be announced by Tory London Mayor Boris Johnson later and will come into effect in the New Year. | |
| Kulveer Ranger, the mayor's transport policy director, blamed former Labour mayor Ken Livingstone's policies for the "serious financial consequences". | |
| London Assembly's Labour group said the mayor was making a "political point". | |
| Concessionary fares for the elderly, disabled, people on income support and war veterans are expected to remain unaffected. | Concessionary fares for the elderly, disabled, people on income support and war veterans are expected to remain unaffected. |
| 'Election gimmicks' | |
| Commuters will also be urged to travel off-peak with those fares expected to be be cut. | Commuters will also be urged to travel off-peak with those fares expected to be be cut. |
| Mr Ranger said Mr Livingstone's policies, specifically his decision to freeze Tube fares and reduce the price of bus journeys, had removed more than £80m from Transport for London's (TfL's) coffers. | Mr Ranger said Mr Livingstone's policies, specifically his decision to freeze Tube fares and reduce the price of bus journeys, had removed more than £80m from Transport for London's (TfL's) coffers. |
| Mr Ranger branded Mr Livingstone's policies as "cynical election gimmicks" and said TfL was currently reviewing future projects. | Mr Ranger branded Mr Livingstone's policies as "cynical election gimmicks" and said TfL was currently reviewing future projects. |
| In his announcement Mr Johnson is expected to outline some "tough choices" the administration has to make in relation to future projects. | In his announcement Mr Johnson is expected to outline some "tough choices" the administration has to make in relation to future projects. |
| John Biggs, Labour's transport spokesman on the London Assembly, said: "This seems to be a very hasty decision by the mayor with no details or justification. | |
| "Although the shortfall is quite significant there are options and we are hoping to explore them with him. | |
| "He seems to be making a political point." | |
| The Bank of England says the current rate of inflation (CPI) is 4.4%. |