Local Tories urge Grant Shapps to save ‘vital’ Bakerloo Line extension July 28, 2020 Conservative councillors have urged transport secretary Grant Shapps to guarantee the future of long-awaited Bakerloo Line extension to Lewisham after it was thrown into doubt. Transport for London (TfL) warned last week that the Bakerloo Line extension may “be unable to progress” unless a new funding model is agreed. It is one of four major [...]
TfL may halt Crossrail 2 work over government funding review July 24, 2020 Transport for London (TfL) today warned it may have to pause work on some of its biggest infrastructure projects, including Crossrail 2, unless it gets a new funding deal from the government. The capital’s transport operator this morning set out its revised budget for the year, saying it would need £3.5bn due to the damage [...]
TfL’s financial blackhole hits £3.5bn as commuters stay home July 24, 2020 Transport for London (TfL) this morning said it would need £3.5bn in funding over the full year due to uncertainty over commuter demand due to the coronavirus. The figure is £300m higher than that laid out in the transport operator’s emergency coronavirus budget in May. It also said that it would require an additional £2.9bn [...]
Two Londoners clean up after flipping their business into sanitiser bays July 24, 2020 Two twenty-something Londoners are set to clean up after pivoting their mobile charging units firm into a hand sanitiser supplier. Hugo Tilmouth and Charlie Baron were set to launch ChargedUp, a network of mobile phone charging units which would sit in public places across the capital. But as Covid-19 hit, the firm – backed by [...]
Shaun Bailey accuses Sadiq Khan of misleading MPs over TfL pay July 23, 2020 Shaun Bailey has challenged London mayor Sadiq Khan’s claims that the number of Transport for London employees earning over £100,000 had dropped during his tenure. Speaking to MPs yesterday at a hearing of the transport select committee, Khan was asked by Robert Largan to justify why 557 employees were on such remuneration packages. The mayor [...]
TfL stops 30,000 commuters not wearing face masks July 22, 2020 Transport for London enforcement officers have so far stopped 33,500 people from getting on public transport unless they put on face masks, according to the latest figures. A further 1,983 people were prevented from boarding services without masks, while 475 people were ejected from modes of transport. From those who were not able to get [...]
Crossrail set for further delays and cost increases due to coronavirus July 22, 2020 The long-awaited Crossrail transport project will face further delays and additional costs due to the coronavirus pandemic, London mayor Sadiq Khan has said. Much of the work on the huge rail project had to be suspended in the spring due to safety concerns over working in confined spaces. Speaking to the transport select committee this [...]
Sadiq Khan suggests London tax autonomy in new TfL bailout deal July 22, 2020 London mayor Sadiq Khan has suggested that the government should consider giving the capital freedom to spend its own tax takings to fund Transport for London (TfL). Speaking to the parliamentary transport select committee this morning, Khan said that one of the options for the future funding of the embattled operator should be “proper fiscal [...]
Stagecoach shares surge despite profit nosedive amid pandemic July 22, 2020 Stagecoach’s shares shot up in early trading today despite revealing a staggering 60 per cent plunge in annual profit in part due to the impact of the coronavirus pandemic. The bus operator’s shares surged 10.8 per cent to 55.9p as large slumps in revenue and profit for its latest financial year were not as bad [...]
Grant Shapps says there is ‘no evidence’ of Russian Brexit interference July 22, 2020 Transport secretary Grant Shapps has said there is no evidence that Russia interfered in the 2016 Brexit vote and therefore the UK secret services did not need to investigate the allegations. Shapps’s statement came the day after lawmakers finally released the delayed Russia report. It said the government failed to investigate possible Russian interference in [...]