Labour Party activists were out across Wandsworth today to take part in one of the most intense days of campaigning the Mayoral election has seen, with a series of activities aimed at focusing the debate firmly on Ken’s Fare Deal Pledge.
Under his Fare Deal pledge Ken Livingstone is promising to cut fares by 7% and slash a bus fare from £1.35 to £1.20 if elected Mayor of London on May 3rd, in a move that would save the average Londoner £1000 over the next four years. Ken has pledged that if he has failed cut fares by 7% by October 7% he will resign.
Ken Livingstone said: “This is a grassroots movement to make Londoners better off by cutting their fares, after years of above-inflation rises. With just one vote in the ballot box on May 3rd, Londoners have the unique opportunity to make themselves £1000 better off over the next four years. Today we are making clear to commuters across the capital the simple choice they face in three weeks’ time.
Londoners want a Mayor that will do everything they can to ease the squeeze that far too many ordinary Londoners are facing. My fares policy is symbolic of the way in which I will stand up for the 99% rather than the 1%.”
Londoners returning to work this week encountered “Fare Deal” activists at transport hubs across the capital. In Tooting GLA Candidate Leonie Cooper joined Labour Councillors and party members, whilst Labour Councillors and supporters leafleted at Clapham Junction. Boris’s latest hikes came into effect during his continuing absence on holiday.
A monthly travelcard covering zones 1 to 6 has gone up from £193.60 to £205.10, and an annual one from £2,016 to £2,136. A single bus fare is up from £1.30 to £1.35. Ken Livingstone has pledged a 7% cut in October should he win in May.
This would apply to the new package, not the 2011 one. Were such a reduction made exactly and evenly across the board, that zone 1 to 6 monthly travelcard would come back down from £205.10 to £190.74, and the annual one from £2,136 to £1,986.48.
As well as reversing the 2012 hikes they’d undercut the 2011 package by small amounts. Ken has made a specific pledge on the single bus fare, saying it would come down to £1.20. It was 90 pence when Boris came to power four years ago.
People are being squeezed by spiralling fares. It’s hurting them but it’s not fair and not necessary. If elected I will cut fares by 5% in October 2012. There will be no fares rise in 2013. After that, fares will rise by no more than inflation. Thousands of Londoners will be better off as a result.
Boris Johnson is committed to increasing fares by two per cent above inflation every year. That means a single bus fare by Oyster will have risen 56 per cent under this Mayor. I will pay for my policy by using some of the surplus in the TfL budget. Every year more money comes in from fares than Boris Johnson says it will. So every year there is a surplus that is simply not put to use. We will put some of that back into Londoners’ pockets and the London economy. Expenditure on transport services and new projects will be protected.