London tube and bus fares to rise almost 5% from next month

Sadiq Khan blames second consecutive annual increase on government's refusal to fund TfL properly

The cost of travelling on London's tube and bus network will rise by almost 5% from next month, the biggest increase in more than a decade, as the body responsible for running the capital's transport network struggles to plug a funding shortfall.

The average 4.8% rise, which matches the rate of inflation, means that most fares will increase by between 10p and 20p. However, some bus fares will rise by 6.5%.