Overview
- Mayor Sadiq Khan confirmed Tube, Overground, the Elizabeth line and Travelcards will rise in March, with detailed tariffs to be published before Christmas.
- The national freeze on regulated rail fares does not extend to TfL services, according to the Department for Transport.
- The uplift is set by an RPI+1 formula using July’s 4.8% RPI, tied to a multi-year package worth about £2.2bn and contributing roughly £450m to capital investment.
- Typical single fares are expected to increase by 5p–20p, such as a Zone 1–2 peak journey moving from £3.50 to £3.70, with exact changes varying by ticket type.
- City Hall is negotiating over Travelcard revenue effects and weighing protection for bus fares, as fare and road-user income funds new Piccadilly and DLR trains and DLR extension planning.