It has emerged that plans have been approved by local government ministers in the Capital to sensationally SCRAP all fares on the London Underground and the city’s bus network within the M25 – the changes will come into effect from January 1st 2018.

According to the draft resolution bill that has already been ratified in an extra-particular Act of Parliament, these forms of public transport will be funded by a localised additional tax of 20p per litre on petrol sold at fuel stations within the London Orbital Motorway, and both buses and Tube trains will become free at the point of use.

A senior ministerial source spoke to our Chief Reporter about the new funding model. He said: ‘Whoever our next Mayor may be, this policy has already been set into law, and as a city we should be proud of our commitment to getting people away from behind the wheel and onto public transport.

Within the M25, the average tank of fuel will cost up to £10 more, and this additional levy will allow us to build an ultra-modern bus and Tube network at zero cost to the already hard-pressed commuter.

Electric cars will also be subject to a small annual charge if it is registered within Zones 1-6.’

We asked our source if Oyster cards would be withdrawn completely. He said: ‘Getting rid of something that we have invested millions of pounds into would be a disgrace, and so from the start of 2018 Oyster cards will be renamed as Greener London Cards.’

Passengers will be able to tap in and out of their free journeys and receive points that can be spent on a variety of digital rewards like Netflix gift cards and iTunes downloads – this is our way of saying ‘thank you’ for thinking about air quality in the greatest city on the planet.’

In a late development, Southend News Network can also EXCLUSIVELY reveal that the mainline operator C2C had a huge role to play in planning the new funding structure.

A spokesperson said: ‘Our passengers told us that they were being pushed to the point of violence by the sheer number of one-stop hoppers between Upminster and Barking, and now we are delighted to say that a completely free London Underground will give them an incentive to scuttle off like the furry little rats that they are.’