John Biggs AM calls for Mayor to scrap 2.5% fare rise to save the average commuter £56 a year on a 1-6 Annual Travelcard
· Fare freeze can be funded without cuts to other areas through use of £98m of expected underspends and additional TfL fares income
· Since 2008 fares have risen over 40% with 76% of Londoners now saying fares are ‘too high’
With the majority of Londoners returning to work this week, Labour London Assembly Member John Biggs has called on the Mayor of London to scrap his latest fares hike after a new report found that 76% of Londoners now believe fares are “too high”. The report, ‘The case for a Fare Freeze’ found that the 40% increase in fares under Boris Johnson has left many Londoners struggling to cope with the cost of commuting. John Biggs has urged the Mayor to use expected TfL underspends and additional income to reverse this year’s 2.5% fare increase and freeze fares at 2014 levels.
The call comes as Londoners returning to work after the holiday season face an average 2.5% increase in their commuting costs. John Biggs said that after seven years of increases under Boris Johnson and with fare growth outstripping wages the Mayor would be failing Londoners who are struggling to cope with the cost of commuting if he did not reverse the rise and cap fares at 2014 levels. The move could be funded, Biggs said, by utilising £98m of the £309m in better-than-expected fare income and TfL underspends estimated to be accumulated in 2015/16. In the Mayor’s first five budgets, TfL underestimated fares income and overestimated operating costs; expenditure was £1,069m (3.69%) less than expected and income from fares £235m (1.36%) more than expected. Assuming this trend continues there would be more than enough unallocated funding in 2015/16 to freeze fares at 2014 levels.
A survey of 1,219 Londoners carried out for the report found that 76% of Londoners now think the cost of travel in the capital is too high. One man from Tower Hamlets who responded to the survey said “This city survives on commuters. I live in Zone 2, but I am finding it difficult to recruit people to work in Central London as travel plays such a big part of their income as they can't live here anymore”.
John Biggs AM, Labour London Assembly Member for City & East London, said:
"For seven years under Boris Johnson fare increases have outstripped wage growth forcing commuters to spend more of their pay-cheque travelling to work.
“The Mayor’s decision to raise fares for the seventh year running will put even more pressure on [BOROUGH] residents struggling to cope with the cost of commuting. With 76% of Londoners believing fares are too high, a freeze for 2015 would give them a much needed break from the annual rise in fares.
“Whilst money is tight, I do not believe the answer is to take more from Londoners’ pockets - especially when TfL is expected to be sitting on millions in underspends and additional fares income.
“In 2016 London will elect a new Mayor who will have the opportunity to map out a four year plan for their fares strategy for their term of office. Until then a fares freeze this year would give Londoners some much needed respite from rising travel costs without harming the network’s upgrade and expansion plans."