As the Mayor warned that London transport fares may rise by 10% in January, Caroline Pidgeon underlined the serious negative impact this would have for Londoners. Caroline told the Evening Standard:
“A 10 per cent rises in fares at a time of a national cost of living crisis would be incredibly painful for many households. I am especially concerned about any rise in bus fares which would especially hit many people on low incomes.
“Last year, the Government imposed fare rises on TfL services which exceeded those of rail fares around the country. This can never happen again.
“We also need to revisit the overall formula of increasing fares with the current basis being just one month’s inflation rate. A temporary peak in inflation should not be a justification for a permanent and steep hike in fares.”