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| London tube and bus fares to rise from January | London tube and bus fares to rise from January |
| (5 months later) | |
| Tube travellers and London bus passengers will face above-inflation fare rises in the new year. | Tube travellers and London bus passengers will face above-inflation fare rises in the new year. |
| The London mayor, Boris Johnson, announced that bus and Tube fares would be rising by an average of 4.2% from 2 January 2013. | The London mayor, Boris Johnson, announced that bus and Tube fares would be rising by an average of 4.2% from 2 January 2013. |
| Johnson also announced that charges for the "Boris bike" Barclays Cycle Hire scheme will double, with daily hire going up from £1 to £2, weekly access rising from £5 to £10 and yearly membership up from £45 to £90. | Johnson also announced that charges for the "Boris bike" Barclays Cycle Hire scheme will double, with daily hire going up from £1 to £2, weekly access rising from £5 to £10 and yearly membership up from £45 to £90. |
| He said he had managed to keep the bus and tube rise down to 1% above the July 2012 RPI inflation rate by securing an extra £96m of government funding. | He said he had managed to keep the bus and tube rise down to 1% above the July 2012 RPI inflation rate by securing an extra £96m of government funding. |
| The Oyster pay-as-you-go fare on buses will rise by 5p to £1.40 while the cash fare will increase by 10p to £2.40. | The Oyster pay-as-you-go fare on buses will rise by 5p to £1.40 while the cash fare will increase by 10p to £2.40. |
| The average rise – the same as the January 2013 increase for national mainline season-ticket holders – means some fares will go up by more than 4.2% while others will go up by less. | The average rise – the same as the January 2013 increase for national mainline season-ticket holders – means some fares will go up by more than 4.2% while others will go up by less. |
| The majority of trips on the "Boris bike" scheme are made within the free 30-minute usage charge period and additional charges for late return, non-return and bicycle damage will not increase. | The majority of trips on the "Boris bike" scheme are made within the free 30-minute usage charge period and additional charges for late return, non-return and bicycle damage will not increase. |
| Johnson said: "Before the end of the year I will spell out further investment on the transport network that will help us to provide faster, more frequent and reliable journeys for Londoners, which is crucial to the economic development and growth that is so vital to our great city. | Johnson said: "Before the end of the year I will spell out further investment on the transport network that will help us to provide faster, more frequent and reliable journeys for Londoners, which is crucial to the economic development and growth that is so vital to our great city. |
| "This fares package is hugely important to our millions of passengers and I am very pleased to have secured nearly £100m that will help to keep fares as low as possible, and protect the important concessions that we offer the most vulnerable Londoners." | "This fares package is hugely important to our millions of passengers and I am very pleased to have secured nearly £100m that will help to keep fares as low as possible, and protect the important concessions that we offer the most vulnerable Londoners." |
| Bob Crow, the general secretary of the RMT transport union, said: "This increase shows that we are still paying off a heavy price for the expensive failure of the PPP [public private partnership] privatisation disaster. | Bob Crow, the general secretary of the RMT transport union, said: "This increase shows that we are still paying off a heavy price for the expensive failure of the PPP [public private partnership] privatisation disaster. |
| "It also means that the mayor has no excuse for cutting staff and closing ticket offices as he's lumping on above-inflation fare rises. | "It also means that the mayor has no excuse for cutting staff and closing ticket offices as he's lumping on above-inflation fare rises. |
| "We believe there should be a policy of freezing fares to recognise the tough times people are facing, to increase the use of public transport and to help boost the economy." | "We believe there should be a policy of freezing fares to recognise the tough times people are facing, to increase the use of public transport and to help boost the economy." |
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