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Stephen Mulhern and Emma Willis 9am - 12pm
Boris Johnson confirms bus and tube fares will go up by inflation plus one percent next year
It means we can expect to see a rise of 5.6% - a reduction on the 7% increase originally planned.
It is after the Chancellor George Osborne confirmed that money would be made available to help keep fares around the country as low as possible.
The fare increases will come into effect in the new year.