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London travelcards 'the most expensive in the world'

PRICEY: London Underground

LONDON TRAVELCARDS are the most expensive in the world by a large margin, according to a new study.

A monthly travelcard in London costs an average of £135, more than a third more than Dublin, the world’s second most expensive.

The cheapest public transport system in the world is in Mumbai, where the equivalent costs 12 times less than in London at just £11, according to the Deutsche Bank study.

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In February, Transport for London revealed its fares income was down £90million in the last year.

Sadiq Khan, the Mayor of London, has frozen fares on buses and trams until 2020, but travelcard prices are set by train operating companies are not under complete control of TfL.

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