MSE News

Fares for London bus and tube passengers to jump by the biggest amount in a decade – here’s what is happening

Londoners who use the tube and bus will have to pay more, London Mayor Sadiq Khan has announced today. Single tube fares will rise by 10p in Zone 1 and between 10p and 30p across the rest of the underground network.

Fares will increase in total by 4.8% across Transport for London (TfL), the biggest price rise in 10 years. It is the second time TfL controlled fares have increased since 2016, after Mr Khan froze prices between 2016 and 2021.

See our London MoneySaving guide for more tips on cutting costs in the capital, and Oyster card refunds for info on getting money back on London travel. 

How TfL fares are changing from 1 March

How the changes will compare to current prices 

Method of transport Current price Price as of 1 March
Tube Zone 1 £2.40 £2.50
Bus £1.55 £1.65

For more information on how prices will vary from Zone to Zone, see the table here.

Hopper fares, which allow unlimited travel on bus and tram services within an hour, will continue.

The daily cap on multiple-pay-as-you-go tube journeys will rise by 3.8%, while the daily cap on bus journeys will rise by 30p to £4.95. For more information on daily caps and the charges you could face, head to the TfL website.

Emirates Cable Car will rise by 25% to £5, with return tickets axed to help reduce customer confusion when exiting and reboarding the cable cars. Return tickets are set at double the single cost so there is also no financial advantage to the ticket.

What do the London Mayor and Government say?

Commenting on the increase, the London Mayor said: “Since TfL’s finances were decimated by the pandemic, the Government has set strict conditions as part of the emergency funding deals to keep essential transport services running in London.

“We have been forced into this position by the Government and the way it continues to refuse to properly fund TfL, but I have done everything in my power to keep fares as affordable as possible.”

A spokesperson for the Department for Transport said: "We have repeatedly shown our commitment to supporting London's transport network throughout the pandemic, providing over £4.5bn in emergency funding to Transport for London and pledging a further billion pounds of capital investment every year up until at least 2024/25 - all at a time of significant pressure on the national finances.

“We’re aware that TfL are still feeling the aftereffects of the pandemic but it is the Mayor’s responsibility to accelerate overdue reforms that will ensure TfL becomes financially sustainable.”

MSE weekly email

FREE weekly MoneySaving email

For all the latest deals, guides and loopholes simply sign up today – it's spam-free!