transmanche
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With only 1.5% of journeys now being paid for in cash, it looks like TfL want to stop accepting cash on buses.
http://londonist.com/2013/04/tfl-aiming-to-scrap-cash-fares-on-buses.php
http://londonist.com/2013/04/tfl-aiming-to-scrap-cash-fares-on-buses.php
http://londonist.com/ said:TfL Aiming To Scrap Cash Fares On Buses
Transport for London wants to stop accepting cash fares on buses, and has considered implementing the plan as early as this year.
BBC’s Sunday Politics programme requested a Mayoral briefing from the end of 2012, which says:
It is also proposed that the sale of cash tickets on bus [sic] be stopped at a suitable time in 2013.
1.5% of bus fares are paid for in cash, 24m journeys a year, equating to around £57m in revenue. On the Sunday Politics Leon Daniels, TfL’s Managing Director, Surface Transport, said it costs around £10m-£15m to collect cash fares on buses (though the BBC’s Transport correspondent, Tom Edwards, said on Twitter yesterday that the figure is more like £35m) and TfL’s plan seems to be that once revenue is less than adminstration costs, cash fares will go.
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