Chris wrote:
On 31 Dec 2009, 23:04, Robert Neville wrote:
Funny how you never saw a statement in past years like "Demand has increased
along with the corresponding revenues, so we need to reduce fares."

Ken just used the money to increase GLA spending.....

From the old newt-fancier himself in 2007:

"'I am pleased that the strength of London's economy, and efficiencies
achieved by TfL, mean that fares can now be reduced with no cutback in
the investment programme or financial risk to the transport budget.

'This economic strength and operating efficiency creates benefits that
should be returned to Londoners.' "


Boris has, so he tells us, reduced GLA spending and created a more
efficient TfL, so presumably the fares are reducing...oh, hang on,
they're going up at record rates.

[ignoring the point that TfL's budget is separate from the GLA...]

Tom