Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 28 November 2014 to Question 215333, what the estimated cost to the Exchequer in the calendar year 2015 will be of raising Transport for London bus fares in line with the retail price index.

The estimated cost to the taxpayer in 2015 of raising Transport for London (TFL) bus fares is 1% of TFL’s bus fare income for 2015.