The overall cost of London’s public transport costs will rise by an average of 2.6% on 1 March 2021.

Before Christmas, TfL explained that the ongoing fares freeze on TfL services was likely to end as financial pressures were increasing, not least from the Crossrail delays, and as a result of the six month funding settlement with the government in October 2020.

Some examples of fare changes:

• Bus and tram single fares increase by 5p to £1.55
• Daily bus and tram cap is raised to £4.65
• The Bus & Tram Pass season price is increased to £21.90 for a 7 Day ticket.
• London Underground (Zones 1-6) and other rail services in London where tube fares apply pay-as-you-go (PAYG) fares will typically increase by 10p or 20p (but a number of fares, including PAYG fares for children, remain unchanged)
• Cash purchase of tube tickets:  a huge price hike, of around 9.5% as TfL continues to discourage that form of payment.

Some good news:

• Children’s fares on tube, train and DLR are being frozen this year – no changes at all.
• Santander Cycle scheme: Hire fees for the are set to remain the same – with 24 hours access for unlimited journeys of up to 30 minutes available for £2.