You can read plenty about Boris Johnson’s rather impressive hikes in TfL’s fares today elsewhere. With many of the increases coming in at more than 18 times the current rate of CPI, describing them as ‘inflation-busting’ would be like calling Richard Littlejohn ‘moderately right-wing’. And, worryingly for our jovial Mayor, for all his attempts to pass the blame for the increases off as being the fault of Ken Livingstone, the quite correct notion that Johnson inherited healthy TfL reserves and has bought this for the most part on himself is gaining traction. As Dave Cole notes, the extra revenue to be raised by the incredible 20% increase in Oyster Pay-as-You-Go fares on buses fits very neatly into the £50-£70m hole left by the removal of the Western Extension of the Congestion Charge.
Combine that with the decision not to proceed with the Gas-guzzler Charge, the end of the Venezuela oil deal, the scrapping of bendy buses and the advent of the neo-Routemaster – all at a time of falling fare-box income thanks to economic circumstances pertaining – and you begin to see where the hole comes from. And that’s why Boris is coming after you with his hat.
And when I say ‘you’, I mean ‘you’ (possibly), not ‘me’. One thing you won’t see much of in the coverage of the new fare regime is a complaint that you aren’t paying enough. Well, here’s one. The 2010 TfL fare settlement is too lenient on me – and on people like me. And it makes me sick. The graph at the top of this post may give you an idea why. (more…)