Transport for London: Government funding deal extended again

The Department for Transport has provided close to £5bn in emergency funds since May 2020, in response to the impact of the Covid-19 lockdowns.

Mayor of London Sadiq Khan must consult with the DfT over ways to raise at least £500m in additional yearly revenue for TfL from next year.TfL has said that cutting all "uncommitted" Healthy Streets funding, such as for cycling schemes, could save about £500m A TfL spokesperson said: "There is no UK recovery from the pandemic without a London recovery and there is no London recovery without a properly funded transport network in the capital."This is Groundhog Day for the bailout saga, with yet another short-term extension to the existing deal.

There seems to be a sticking point around pension reform, with the government putting pressure on the mayor to make TfL pensions "financially sustainable".The TfL spokesperson added: "Whilst in receipt of government support, we have worked hard to progress all conditions placed on TfL, and continue to maintain that we have met them all.

Time to bring back TfL's government subsidy.

United Kingdom Latest News, United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Uber 'secretly lobbied ministers to block regulations limiting growth in London'Uber secretly lobbied ministers - including then-chancellor George Osborne - to influence London’s transport policy, leaked reports seen by the BBC claim.
Source: MetroUK - 🏆 13. / 82 Read more »

London Fire Brigade will now carry pet oxygen masks with them to save animalsA cat rescued from a house fire has become the first to be revived using a specialist pet oxygen mask now carried by London's Fire Brigade.
Source: MetroUK - 🏆 13. / 82 Read more »

21 Wonderful Wine Bars With Outdoor Seating in LondonWhere to find bubbly pet-nat, chilled, gluggable reds, and more in the sunshine
Source: eaterlondon - 🏆 30. / 68 Read more »

Ministers set to back next wave of City of London reforms\n\t\t\tKeep abreast of significant corporate, financial and political developments around the world.\n\t\t\tStay informed and spot emerging risks and opportunities with independent global reporting, expert\n\t\t\tcommentary and analysis you can trust.\n\t\t
Source: FT - 🏆 113. / 51 Read more »

5 must-see fashion exhibitions to attend in LondonFrom Tiffany diamonds to exuberant African prints: here are the fashion exhibitions that you ought to visit in the capital.
Source: hellomag - 🏆 24. / 68 Read more »

Nicki Minaj 'mobbed' by fans and forced to leave London meet-and-greetThousands of Nicki Minaj fans have been left disappointed after she was forced leave a meet-and-greet in London after being mobbed by fans outside the venue. Did she give them the bird LBC's twitter account is awful. Stop your lies before we report your page 🤣
Source: LBCNews - 🏆 75. / 59 Read more »