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Transport for London

  • TfL bailout conditions published as rescue row rolls on

    May 29, 2020

    Transport for London (TfL) has today published the terms and conditions of its £1.6bn bailout from the government as the row over the rescue package continued. In the letter from transport secretary Grant Shapps, TfL was asked to suspend free travel for under 18s and Freedom Pass holders and reinstate the congestion charge in order [...]

  • London First: Give more powers to City Hall to fund TfL

    May 28, 2020

    Business group London First has this morning called on the government to devolve further powers to the Greater London Assembly in order to secure the long-term finances of Transport for London (TfL). In a new report produced in partnership with KPMG, the group argues that unless City Hall is given access to tax revenues via [...]

  • Transport for London taps former New York transit chief as new boss

    May 27, 2020

    Transport for London (TfL) has this afternoon named Andy Byford as its new transport commissioner. The former chief executive of the New York City Transit Authority will take over from his predecessor Mike Brown in July. Brown, who has held the role for five years, will take on a new position overseeing the renovation of [...]

  • Khan and Bailey clash over congestion charge hike

    May 21, 2020

    A row has erupted between Sadiq Khan and one of his challengers to be the next Mayor of London over the conditions of the government’s bailout of struggling Transport for London. Yesterday, the Mayor said that the government had forced him to reinstate and expand the congestion charge as a condition of the £1.6bn rescue [...]

  • The 20 busiest Tube stations TfL wants commuters to avoid

    May 18, 2020

    Transport for London has issued a list of the Tube stations that commuters should try to avoid as more people begin to return to work after lockdown. From today, London’s transport network will aim to run 75 per cent of Tube services and 85 per cent of bus services. Government advice remains that those who [...]

  • Sadiq Khan: London transport fares will increase after £1.6bn TfL bailout

    May 15, 2020

    London mayor Sadiq Khan has said that he will be forced to increase fares on the capital’s bus and rail services after agreeing a £1.6bn bailout for network operator Transport for London. In a statement, the mayor said that he had “no choice” but to accept the offer, which was the  “only deal the government [...]

  • Congestion charge set to rise 30 per cent after TfL bailout

    May 15, 2020

    London’s congestion charge is set to rise to £15 a day from 22 June, it was revealed today, as a consequence of the government’s bailout of Transport for London. From next month, a 30 per cent increase would see the daily charge rise from £11.50 to £15. The scheme’s operating hours will also extend to [...]

  • Sadiq Khan warns TfL will run out of cash today without government bailout

    May 14, 2020

    London’s mayor Sadiq Khan has given the government an ultimatum saying that if Transport for London does not receive a bailout today the operator will have to cut tube and bus services. Speaking to LBC, Khan said: “Being blunt, today is the last day. Unless the government gives us confirmation of the grant we need, [...]

  • Boris Johnson urges commuters not to crowd onto public transport

    May 13, 2020

    Boris Johnson has urged commuters not to crowd onto public transport as some workers began returning to their offices today.  Speaking in parliament, the Prime Minister said: “I don’t want to see crowding on mass transit or public transport in our capital or anywhere else”. Johnson’s words come after a number of images were released [...]

  • TfL set for £4bn loss as operator seeks government bailout

    May 12, 2020

    Transport for London (TfL) is on track for a £4bn loss this year as the capital’s transport operator continues to seek a bailout from the government. According to papers from TfL’s finance committee, the operator is currently spending £600m a month due to the coronavirus crisis.  As a result of the pandemic, usage of London’s [...]

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