TfL long-term funding talks with government postponed until Friday February 21, 2022 Government talks over a long-term funding deal for Transport for London (TfL) have been postponed until this Friday, both transport secretary Grant Shapps and TfL have confirmed. “We have agreed with the government that our existing funding agreement will be extended until 25 February so that these discussions can be concluded,” said a TfL spokesperson. [...]
Transport for London warns of potential bankruptcy as funding crisis deepens February 19, 2022 Transport for London (TfL) may have to declare itself bankrupt if the government does not say whether it will cough up fresh funding in the coming days, the Mayor’s office has said.
TfL bosses say Tube staff pay rise will worsen financial crisis February 18, 2022 Transport for London (TfL) bosses have warned that the body’s financial situation will worsen following the eight per cent pay rise awarded to 16,500 Tube staff. The deal, which sees employees being entitled to the RPI rate of inflation plus 0.2 per cent, will cost TfL an additional £100m and lead to further cuts to [...]
Sadiq Khan “hopeful, but not confident” about TfL deal as funding expires tomorrow February 17, 2022 London mayor Sadiq Khan said today he is “hopeful, but not confident” of securing a long-term deal for Transport for London (TfL) as government funds are set to expire tomorrow. “It’s really important for the government to realise, these sticking plasters in the short, medium and long term cost us more,” the Evening Standard reported [...]
Letters: Aye, aye train driver February 17, 2022 [Re: If London is the heart of our economy, more TfL fare rises will cut off the blood supply, Feb 15] London’s transport system has steadily deteriorated over the course of the pandemic. In the context of the number of road works set up for apparently obscure reasons, this is unjustifiable. We should have spent [...]
Sadiq Khan proposes £10m London tourism cash pot to lure back visitors February 16, 2022 London mayor Sadiq Khan has proposed a £10m tourism investment pot, to be used to lure people back to the capital. Some £3m will be pumped into Khan’s £6m ‘Let’s Do London’ campaign, which City Hall claims has pulled £70m back into the city along with 280,000 visitors. Another £7m will then be used for [...]
London Assembly pleads with DfT to secure TfL long-term funding as money runs out on Friday February 16, 2022 The London Assembly has made a last-ditch effort and pleaded with the Department for Transport (DfT) to agree to a long-term funding deal for Transport for London (TfL). Caroline Pidgeon, chair of the assembly’s transport committee, said that without a long-term financial deal the public body would be paralysed, as funding is set to expire [...]
If London is the heart of our economy, more TfL fare rises will cut off the blood supply February 15, 2022 From March, every bus or train journey within Zone 1 will go up 10p, after Sadiq Khan announced yesterday that Transport for London fares would rise by almost 5 per cent. For Londoners, this means the average 3-day-a-week commute will go up by £30 a year, on top of rising food and energy prices. It [...]
Tube journey jumps to £2.50: Sadiq Khan hikes London transport fares by five per cent February 14, 2022 The Mayor of London has announced a price hike for rail and bus services in the capital as part of efforts to save struggling TfL services.
End of work from home gives TfL a well-deserved boost to ridership February 10, 2022 Transport for London (TfL) received a well-deserved boost following the end of the ‘work from home’ order. According to data released today, since restrictions were lifted on 19 January, Tube ridership numbers have increased 25 per cent, reaching 60 per cent of pre-pandemic levels. As workers flock back to the Square Mile, stations closest to [...]