The Thick of It

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Tuesday, January 03, 2012

Where has all the money gone Boris?

Thousands of London commuters were met on their way to work this morning by two things: another round of jaw-dropping fare increases from mayor Boris Johnson and an alternative offer from Labour's campaign team. According to the campaign and quoted by BBC, 500,000 leaflets were distributed.

Key to the campaign is that Boris as mayor is making life worse for Londoners in an already tough economic environment. Under Boris fares have gone up between 20% for a weekly zones 1-6 travelcard and 50% for a single Oyster bus fare.

Boris's riposte is that the extra fare revenue is there to pay for tube improvements. This isn't entirely true as Transport for London has built up hefty reserves in the last few years, £728m according to the Evening Standard.

So the key question must be why Boris wants to continue hitting Londoners in the pocket with a stealth tax rise when he doesn't have to?

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