Mayor answers to London
Fare increases 2004-2008
Question by Darren Johnson
What was the average percentage rise in all TfL fares (for passengers who pay them) from May 2004 to May 2008? What was the average percentage rise in Tube fares over this period? What was the average percentage rise in bus fares over the period? What was the cumulative change in RPI on which the fare rises were based?
Answer by Boris Johnson (1st Term)
Officers are drafting a response which will be sent shortly.
Written answer received on 22 November 2011:
Between 2004 and 2008 fares increased by an average of around 20%. During my predecessors term fares fluctuated wildly as the table below demonstrates.
For full details please see the table below.
For passengers who pay fares, there were increases well above inflation in 2005, 2006 and 2007 then cuts in 2008 in a cynical move immediately prior to the election.
This made no financial sense and did not serve the interests of Londoners. It created a financial black hole that I have had to address despite one of the hardest economic periods for many years.
2006 Jan 2007 Jan 2008 Jan 2005 to Jan 2008
Bus 7 12 6 -3 23
Tube 6 4 2 3 17
Average 6 8 4 0 20
RPI 3 3 3 4 14
(Average fare increases paid by passengers. Average fares are calculated by dividing total fares revenue received from fare payers divided by the corresponding number of journeys.)
It should be noted that many customers do not pay the full headline increase as announced by TfL as they may switch between ticket types to find the best value product for them. This applied particularly in 2005 as use of Oyster pay as you go fares built up rapidly.