Last month Boris Johnson announced that, whilst London transport fares would go up this year (boooo, hisss! Sorry, struggling to get out of the panto spirit), a ‘real terms freeze’ meant that it wouldn’t be by quite as much as we had feared. An increase of 4.1 percent on travelcards was announced by the mayor on December 3 but in a ‘farcical failure of communication’, Chancellor George Osborne said just a couple of days later that he was capping the National Rail fare rise at 3.1 percent. This mix-up has delayed the fare rise from coming into effect until at least January 19, two weeks later than planned, and could cost £14m in lost revenue. Good news for Londoners and their bank accounts, but a pretty embarrassing and costly mistake for the government (oh yes it is!).
So, to the important bit. Here’s a brief run down of the fares for 2014 (generally 20-40 pence cheaper than the original fares announced for this year) :
Oyster pay as you go fares will remain the same apart from single journeys in Zone 1 and between 1 and 2, which will go up from £2.10 to £2.20.
Day travelcard (peak) for Zones 1-2 will rise by 20p to £9.
Day travelcard (off-peak) will only be available for zones 1-6 and will cost £8.90 (making it cheaper to use Oyster PAYG with its daily capping rates).
Seven-day travelcard Zones 1 and 1-2 will go up by £1 to £31.40.
Seven-day travelcard Zones 1-4 increases from £43.60 to £45.
Monthly travelcards are all going up – Zones 1-2 to £120.60, Zones 1-4 to £172.80, and Zones 1-6 to £219.70.
To take a more comprehensive look at the new fares head here.