It’s the end of the line for one of London’s iconic public transport fares - the day Travelcard.
The special tickets offering unlimited journeys on Tubes and buses are being withdrawn after 40 years by Mayor Sadiq Khan from January in a bid to raise Transport for London an extra £40 million annually.
Some 65,000 daily Travelcards are bought on most days, and these will be cut in a push for passengers to instead use contactless or Oyster.
The Leader podcast is joined by the Evening Standard’s transport editor, Ross Lydall, and Dr James Fowler, a University of Essex Business School lecturer and author of Strategy and Managed Decline: London Transport 1948-87.
We discuss the Travelcard’s history, the cut's wider financial impact on London's economy and the European cities offering best value public transport.