"Fares are to rise on London's transport next year, as TfL complies with its funding deal to raise prices by more than inflation. However, the fare rise will be staggered with Underground and Overground fares rising in March, and bus and tram fares rising in July. The delay in fare rises for buses and trams will be funded by a transfer from the City Hall budget to TfL so that TfL remains within its requirement to see a net increase in revenue"
"The overall fare rise will be inflation plus one per cent (RPI+1), but within that headline rate there are wide variations in how fares are changing. For example, tube fares What seems to be happening is lower fare rises for people commuting into Zone 1 for work, with higher rises for people who already live in Zone 1, or those travelling around the sides of the central area."
"Also, there are some targeted changes, such as raising fares on the Elizabeth line from Zone 1 to Heathrow from £13.90 to £15.50. That would only affect single journeys, mostly tourists flying out of Heathrow. Londoners travelling to and from Heathrow for work will not be impacted as they will be protected by the daily/weekly fares cap. In addition, it is proposed that the price of Travelcards will be frozen until March 2027, so weekly and daily caps will not change."
TfL will increase fares next year by RPI+1, with Underground and Overground fares rising in March and bus and tram fares rising in July. The July delay for buses and trams will be funded by a City Hall transfer so TfL meets its net revenue requirement. Fare changes vary across zones, with lower rises for commuting into Zone 1 and higher rises for Zone 1 residents and orbital travel. Targeted changes include raising Elizabeth line single fares from Zone 1 to Heathrow from £13.90 to £15.50, while Travelcards are proposed to be frozen until March 2027. Travel concessions and several photocards will remain unchanged.
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