TfL has announced that from the new year, cycle hire charges will increase from £1 to £2 for daily access, from £5 to £10 for a week, and from £45 to £90 for a year.
There are reports in various newspapers including the Telegraph and Metro.
A doubling of fares for cycle hire users is bad news for cycling in London. Much of the success of the scheme has owed to its value for money in comparison to other modes of transport, and by making these increases the Mayor risks losing the support Boris bikes have enjoyed since their introduction. Perhaps if we were assured that the extra income generated from the fare rises would be used solely for improving and expanding the network of bikes and docking stations, it might be justified, but what seems more likely is that users will end up paying for the bad deal Boris did with Barclays, which has failed to provide the necessary funds to make cycle hire financially viable. I would urge the Mayor to reconsider - Boris bikes are a sustainable and healthy way for Londoners to travel, these charge increases will simply discourage the revolution in cycling which the Mayor himself has claimed to support. There are already so many barriers to cycling in London - higher fares simply create one more.
I will be writing to my Assembly Member to ask for this decision to be reviewed. The funding of the Boris bike scheme needs a thorough review if the scheme is to remain popular, affordable and an encouragement towards London becoming a cycling city.