Sadiq Khan freezes Transport for London fare prices for a year

The speaker discusses freezing TfL fares to help Londoners during the cost of living crisis, putting money back into their pockets. The initiative also aims to support London's culture, hospitality, and retail sectors, encouraging more people to use public transport and return to offices. The speaker expresses pride in these efforts.

What are the potential financial benefits for Londoners mentioned in the text?

Why is the teacher proud to support these initiatives?