Petition updateRe-zone Snaresbrook and Wanstead stations into zone 3The Mayor's and TFL's response to our petition
Ricky VaradenLondon, ENG, United Kingdom
11 Aug 2015
Dear supporters, The response from TFL at the Redbridge Council external scrutiny meeting, where I expressed the reasons why we think we are being treated unfairly, is similar to the response by the Mayor posted on the petition site. To summarise: Although it is generally acknowledged that residents of Wanstead and Snaresbrook are being unfairly charged more to travel to central London, there is no intention of rectifying the situation because TFL would most likely lose revenue out of a re-zoning exercise. While it is true that TFL would have to lose revenue if residents are to save money, it is a zero sum game after all, although in the long run there might be people who were travelling by other means deciding to use the underground more and more businesses in the area attracting people from elsewhere, I would like to put the loss of revenue into context here. Looking at TFL's annual report for 2014/2015, I can't help but notice the figure of £2.2 bn of fares revenue for the year for London Underground alone. Now my estimates on how much it would cost TFL a year based on the cost savings (£400/year) and the estimated (conservative estimate) number of regular underground users in the area (7500) is £3mio. This means that for one day that the revenue loss of 1 day of tube strike would more than fund 2 years of re-zoning Wanstead and Snaresbrook. Also, the mayor said that as all profits are reinvested (ignoring the cost of the highly paid TFL employees) and hence re-zoning Wanstead and Snaresbrook would lead to an increase in everybody else's fares. So let's put this into context too. £2.2 bn of annual revenue, £3m of annual cost. Reduction in revenue is 0.14%, which means, if the average underground user spends £2000 on tube fares a year, re-zoning Snaresbrook and Wanstead and transferring all the cost to underground users would result in an annual increase of £2.70 per year from £2000 to £2002.70 I believe that the cost to rectifying this unfair situation is very low when put into context and I don't see how, in the face of a 3rd strike coming up in August, TFL and the mayor can use such excuses to deny the people of Snaresbrook and Wanstead the right to be treated fairly and to be charged fares commensurate with the distance they travel.
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