London-wide fare increases announced

The BBC reports:

Bus and Tube fares will both rise by above-inflation rates in 2010, London Mayor Boris Johnson has announced.

Bus fares are to go up by 12.7% and Tube fares will rise by 3.9%. Oyster card pay-as-you-go bus journeys are to rise from £1 to £1.20.

The Congestion Charge is rising to £10, while Mr Johnson said a £9 charge for those using a new account system would be operational next year.

The mayor said the price of a seven-day bus pass will also jump from £13.80 to £16.60 but London Travelcard prices will be frozen in the vast majority of cases [potentially a big plus for many Brockley commuters].

No word yet on whether there will be special discounts for bachelors.

With thanks to Tressilliana for spotting it.