London Underground fares to go up by 5.8% in 2026

The cost of travelling on the London Underground is set to rise by 5.8% next year, the mayor of London has confirmed.

The increase 1% above the rate of inflation and will come into force in March.

The freeze in national rail fares announced last month will not apply to Transport for London services.

Sir Sadiq Khan says he proposes to freeze the price of Travelcards until March 2027 which means the weekly and daily caps will not change, and fares on London buses and trams will not rise.

The mayor said a rise equivalent to one percentage point above the RPI rate of inflation was a condition of the £2.2bn capital funding deal that TfL agreed with central government in the spending review in June.

He said the freeze on bus and tram fares until July 2026 was “an emergency cost-of-living measure” funded by City Hall

Sir Sadiq added: “This is the seventh time I’ve been able to freeze bus and tram fares, and it will particularly benefit those on the lowest incomes in our city.

“The plans would mean that only fares on Tube and TfL rail services would now increase from March 2026.

“I also plan to ensure that increases to pay-as-you-go fares on the Tube will be capped at 20p, with many only rising by just 10p.”