1. New fares from early January will increase Oyster pay-as-you-go rates by 5p to ￡1.40, while the pay-on-bus fare will increase by 1 Op to ￡2.40. The pay-as-you-go Oyster cap will be set at ￡4.40 (was ￡4.20) and the Bus & Tram seven-day ticket rises from ￡18.80 to ￡19.60. A government grant has pegged rises to 1 % above inflation.
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