No LT fares increases in 1971?
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• No general fares increases are planned for London Transport next year, states a report from the policy and resources committee of the GLC on LT's budget. But the report adds a warning note that unexpectedly large increases in wages or prices could upset the situation and make higher fares necessary. The committee no doubt has in mind such wage claims as the current one by London busmen for a rise of £5 a week (writes Derek Moses).
A £5m grant is to be made to London Transport next year to improve services, the
report reveals. This is in addition to the council's expenditure on the PiccadillyHeathrow Link and the Fleet Line. estimated at £2,400,000. LTE plans a £27m spending programme in 1971, including major extensions, new rolling stock, new buses and improvements to stations and equipment.
A surplus of £4m on 1970's working is estimated, and the committee recommends that £2m of this should be transferred to a reserve fund and that a similar sum be available for transfer at the end of 1971.