Boris' stealth tax
Given that we are said to be entering a period of deflation, i.e. falling prices, what is the justification for Boris Johnson racking up the cost of my daily 243 bus commute by 11% each way from today?
This inflation-busting increase - a single Oyster fare goes up from 90p to £1 - will hit the least well-off most because they use buses the most, and will particularly hit people in my borough, Hackney, as we are not on the tube network and depend on buses.
Basically Boris is nicking over £20 a year off us daily bus commuters. He has increased all fares by an average of 6% but bus Oyster fares by nearly double that, 11%. Maybe he thinks Oyster card users won't notice because you pre-pay the card, in which case it is a pretty cynical move.