Search

Date set for cash ban on buses in Newham

12:50 10 April 2014

Passengers will no longer be able to pay with money on London buses from July

Passengers will no longer be able to pay with money on London buses from July

Archant

Cash will no longer be accepted on London buses as of this summer, Tfl has announced.

Cash will not be accepted on any buses from 4.30am on Sunday, July 6

Tfl claims it costs £24 million a year to accept cash on buses

A single Oyster bus fare costs £1.45

A single cash bus fare costs £2.40

There are 24,500 bus drivers in London

1% of passengers pay by cash

Saturday, July 5, will be the last day cash fares will be accepted on any route in the capital.

The decision follows a rise in the number of people paying with Oyster or contactless payment cards.

Transport for London claims cash is now used on just 1 per cent of journeys, down from a quarter at the turn of the millennium, and is expected to continue falling.

Leon Daniels, managing director for Tfl surface transport, said: “As Londoners and visitors change the way they pay for goods and services in the capital I am proud that we are at the forefront of that change.”

The decision to withdraw cash fares was made following a consultation that ran for three months from August last year and attracted more than 37,000 responses.

Tfl estimates it costs them £24 million a year to accept cash on its buses and claims the decision to stop will deliver £130 million in savings over eight years to 2022, which it says will be reinvested in improving transport in the capital.

However, not everyone has supported the decision.

Independent transport watchdog London Travel Watch said while it recognised the benefits for cost and time saving, it had a “number of concerns”.

A spokesman said: “Our view is that removing cash as a means of payment is not acceptable in the current environment.”

In a bid to ensure a smooth transition Tfl said it would be adding more Oyster ticket stops in outer London and would be refreshing guidance for its 24,500 bus drivers.

It is also set to introduce a “one more journey” feature that will allow passengers who do not have sufficient credit for a bus fare, but have a positive balance on their card, to make an additional bus journey.

Currently is costs £1.45 for a single bus journey by Oyster or contactless payment card — capped at £4.40 per day — rising to £2.40 for cash fares.

0 comments

Latest News Stories

15:56
The Business Show at the ExCeL arena

More than 25,000 people descended on the ExCel Arena last week for the country’s biggest business exhibition.

Europe
Ellie Simmonds teaches children from Carpenters Primary School to swim at the London Aquatics Centre. Photo credit: John Walton/PA Wire

Four-time gold medal winner Ellie Simmonds made a splash on Wednesday when she treated pupils to a special swimming lesson.

London Aquatics Centre
60 minutes ago
People taking part in Edible Bus Stop® community planting days

Would-be gardeners are being invited to use their green fingers tomorrow by helping to plant what could be London’s very first edible postcode.

London
Newham University Hospital

The NHS Trust that runs Newham University Hospital has been judged “inadequate” by the country’s top hospital inspector, with safety and leadership highlighted as areas for concern.

Newham University Hospital

Most read news

Competitions

Time to experience the dizzy heights of London's tallest attraction!

Morgan Pryce, commercial property experts based in London are offering one lucky reader the chance to win a pair of tickets to The Shard viewing platform in the city itself.

Read more
Cheers!

We’re giving you the chance to win six cases of this fab Bradshaw Chardonnay.

Read more

Digital Edition

Image
Read the Newham Recorder e-edition today E-edition
Family Notices 24


Our trusted business finder