London's Tube and bus fares to rise by 4.2%

The capital's commuters will be hit by above inflation fare rises across London's transport network, it has been announced.

Mayor Boris Johnson has revealed bus and Tube fares will rise by 4.2% from 2 January and the cost of his flagship bike hire scheme will double.

Mr Johnson's critics say he is taxing working people but he has hit back saying the money is crucial for essential transport improvements.