While the world was awash with the news of Obama’s second term victory, Boris Johnson took to his website to quietly announce fare hikes across London’s transport network. To add to an impending New Year hangover, January 2 2013 will also find London’s commuters facing a 4.2% rise for tube, bus, DLR and overground fares, with pay-as-you-go bus fares rising to £2.40, and Oyster rates increasing to £1.40.
Charges for Boris Bikes are also set to 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 said in a statement: ‘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.’ Despite Boris’ claims that he’d fought back higher fare prices, the news will come as a bitter pill for those who voted for Mr Johnson amid promises that he’d not raise fares during last year’s election. Time to buy a bike perhaps? Jonno Hopkins
Head to one of London’s best bike shops.