Fare increases - volvoman
There seems to be quite a lot of confusion about the recent bus fare price increases in London and what seems like a massive increase. It is true that the basic 70p fare has increased to £1.00 for any single journey, however by buying a book of 6 pre-paid tickets @ £4.20 the price remains at just 70p. Also, children now can travel free on production of a simple photocard. Aside from the price issue, I think the move away from cash fares can only speed up the bus service (making it more attractive to use) and, thereby hopefully, reducing the delays caused to motorists at/around bus stops particularly.
Fare increases - No Do$h
Likewise TFL are pushing the use of the Oyster cards for the tube. If you use these you can purchase single fares at last year's price. Again, a move towards speeding the throughflow of passengers (although they insist on calling us "customers").

Oyster card is a new ticketing system where you pay a deposit of £3 and are given a smart card that can then be credited with the appropriate ticket/journey/travelcard details. You don't have to put it through the slot on the gate, just have it in a pocket that will allow the inductive coil in the card to talk to the gate (much like a ski-pass). Speeds things up no end!