Responding to TfL fare increase that takes effect from today (Sunday 5 March), Adam Tyndall, Programme Director for Transport at BusinessLDN, said:
“TfL must take tough decisions to balance the books, but a 6% fare rise will undoubtedly hit many Londoners hard in the middle of a cost-of-living crisis. It also goes against the need to get more people onto public transport as part of the capital’s net zero strategy.
“With yet more strikes due later this month, these increased fares won’t even guarantee the reliable services that Londoners deserve. This uncertainty will exacerbate the post-pandemic recovery challenge exposed by our survey of 1000 London employees which showed that two-thirds of those who get a choice will work from home to save money.
“We know that many employers are turning to travel vouchers to help manage rising costs for their employees but this is not a sustainable solution to TfL’s funding dilemma or the needs of the city’s economy. If the capital is to thrive and compete in the coming years, Londoners need to be able to get around the capital reliably, sustainably, and affordably.”