TfL will freeze fares across the transport network from next year, Sadiq Khan has announced.
The average household is set to save £200 over the next four years from the move, which will impact pay-as-you-go tube, bus and tram fares.
Around four million journeys a day across London will benefit. The freeze also extends to cycle hire schemes.
Khan also announced that he is freezing all TfL travel concessions, which give discounted or even free travel to those over 60, veterans, apprentices and and people on Job Seeker’s Allowance.
“After years of huge fare increases for London passengers, I’m delighted to be formally announcing our plans to freeze TfL fares across London’s transport network,” said Khan.
“Before taking office I was determined to ensure we took significant action to make public transport more affordable and we’ve already taken major steps through the introduction of the ‘Hopper’ ticket that in just two months has saved Londoners money on over 10 million bus journeys.
“Our TfL fares freeze will save an average household £200 over the next four years, putting money back into people’s pockets and playing an important role encouraging more Londoners onto public transport.
“I’m now demanding that the Government follows my lead and freezes fares on London’s suburban rail routes, where passengers have been hit by unacceptable delays, cancellations and overcrowding. It’s simply not right that London’s rail passengers face another fares hikes caused by the Government next year – the onus is on the Government to ensure every passenger in London gets the fares freeze they deserve.”