An interesting exchange at yesterday's Mayor's Questions.
Me: Following the latest increases, what is the cheapest ticket you can buy?
The Mayor: 80p
Me: And what is the average bus fare?
The Mayor: 53p
Me: So the average fare is 27p less than the cheapest fare - that's a novel concept...
I suspect that TfL includes some of its free tickets in the calculation, which undermines the veracity of the figure, because it creates an 'average fare' which can't be paid by anyone. It certainly makes the result of fare increases look rosier than it actually is.
TfL will be coming to see me to explain how they arrive at this figure and what they use it for.