The Tory Troll is reporting that Boris Johnson will today announce above inflation hikes on bus and tube fares. You can read the full story here.
Figures released to the GLA’s Budget and Performance Committee show that the cancellation of the Venezuelan 'oil deal' and the scrapping the higher Congestion Charge has left over a £100million hole in the budget. Boris is hoping to make up the difference by passing the charge onto Londoners.
News of these increases are contrary to Boris' pre-election pledge not to raise fares which will come as a blow to commuters across the capital.