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LONDON TRANSPORT has corr piled a document — Facts Abou Public Transport — whic outlines its position followin the 100 per cent fare increase.1 is sending it to all members c the Greater London Counc transport committee and MPs.
The report looks at LT's pa formance during the 1970s an its poor competitive positio compared with other modes c transport. It outlines the effect of different fares policies an emphasises the positive effecl of low fares.
According to the documen the latest fares increase will rt suit in a significant drop in LT' market-share. Many passengei transferring from LT will inct. longer journey times. The risk c accidents will be greater an more fuel will be consumed.
LT's long-term future is del cribed as uncertain unless th legal framework within which works can be clarified. The doct ment claims that without an subsidy LT fares would rise I three times their current levi and bus services wouldh halved, leaving LT with a littl over half the number of pal sengers carried in 1981.