London bus and Tube fares frozen as caps increase

In a recent announcement by Transport for London (TfL), it has been revealed that bus and Tube fares in the city will be frozen for the next year. This comes as welcome news for commuters who have been facing increasing travel costs in recent years.

However, despite the freeze on fares, the caps for daily and weekly travel will be increased. This means that while the cost of individual journeys will remain the same, passengers who travel frequently may end up paying more overall.

TfL explained that the decision to freeze fares was made in order to support Londoners during these challenging times. They also stated that the increase in caps was necessary to help cover the cost of running the transport network.

Overall, this news will be welcomed by many commuters in London who rely on public transport to get around the city. The frozen fares will provide some relief for those struggling with rising living costs, while the increased caps will ensure that TfL can continue to provide a reliable and efficient service.