Transport for London has announced bus and tube fares will rise to the most expensive they have been in a decade.

Journey costs will increase by an average of 5.9 per cent – the biggest hike for more than 10 years.

For the second successive year, bus fares will rise 10p – taking them to £1.75 from March 5.

The daily and weekly cap on pay-as-you-go Tube fares will increase by up to 6.7 per cent, depending on how many zones are travelled.

A ban introduced at the start of the pandemic on Londoners over 60 travelling for free before 9am is being made permanent from today – a move that will anger many thousands of pensioners but which will generate £40m a year in extra fares.

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