According to Transport for London there has been a decline in usage on the 242 bus route which runs through our ward from Homerton Hospital to Tottenham Court Road. This is mainly due to the opening of the London Overground service between Highbury and Islington via Shoreditch, and an increase in service on the Northern Line.
Currently the Monday to Saturday daytime frequency of 242 busses is approximately every 6 minutes. TfL want to reduce frequency to every 7 to 8 minutes. They have given assurances that the capacity will be maintained and they will monitor the route following any changes.
If you wish to contribute to the consultation on this proposed change you can do so via TfL's online consultation form. The deadline for comments is 15 June 2012.