London’s original one-day Travelcard made of paper, was once the affordable magnet-strip ticket unlocking the capital for the masses - but now Mayor Sadiq Khan’s considering scrapping it, after 40 years’ service.

Amid financial pressures, Khan’s looking to ditch the ‘all-you-can-travel’ physical tickets as tube, bus and rail passengers move to pay-as-you-ride contactless payments.

But there are concerns losing the iconic transport pass could see commuters suffering more financial misery.

The Leader podcast’s joined by Dr James Fowler, a lecturer in strategy at the University of Essex Business School and author of Strategy and Managed Decline: London Transport 1948-87.

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