London Mayor Sadiq Khan Announces TfL Fare Freeze Until 2025

The move, costing £123 million, is seen as a pre-election stunt by critics and does not apply to Travelcards and season tickets.

Sadiq Khan, the Mayor of London, has announced a freeze on single fares on the Transport for London network until March 2025, a move that will cost £123 million.
The freeze applies to pay-as-you-go fares on London’s buses, tube, Docklands Light Railway and trams, and most within the city on London Overground and the Elizabeth line.
Travelcards and season tickets will not be covered by the change, and the cost of a Travelcard will rise between 4.6% and 5.1% depending on the zones selected.
Penalty fares for fare dodging will increase from £80 to £100 to increase its deterrent effect and in a bid to recoup more of the £130m a year lost due to people failing to pay.
Conservatives on the London Assembly accused the Labour mayor of unveiling a pre-election stunt, with the mayoral election due in three months’ time.