Transport for London offered £1bn bailout in exchange for fare hikes and wider congestion charge zone

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The government is demanding the extension of London's congestion charge zone and further fare hikes as part of a £1bn proposal to rescue the capital's transport authority for the second time this year

He wants a £5.7bn package to help secure the network's future for the next 18 months.

The City Hall insider's response to the proposals lays bare the scale of the tensions between the mayor and the government, with TfL hypothetically just days away from having to file a Section 114 notice - a process which would effectively declare it insolvent.TfL's costs were still running at £600m a month during the lockdown earlier this year

TfL said it remained in talks with Whitehall departments about further changes to travel charges for under-18s. The financial strain on TfL, which is expected to lose £4bn this year, is posing an early test for Andy Byford, the authority's new commissioner, who stepped down from the equivalent role in New York earlier this year.The transport authority put 7000 of its staff on furlough earlier this year, and has halted hundreds of construction projects in a bid to save money.

"We are doing what we can to minimise costs and aim to continue operating a full service across our network while our funding discussions continue."

 

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So they go bust. Who cares

This is a direct attack on Sadiq Khan.... they will play this as the fault of the mayor... and the racist moronic fucwits will lap it up. C*nts.

Smh, really? And yet the goverment want a raise on their already ridiculous salary! Why do we continue to pay these people money, and a substantial amount at that, to run our country and lives through the ground?!

LittleDeeMusic wtf 😲

At this rate, every Indian restaurant will be closed down...no customers, thanks to Mr mayor!

So, in summary they're trying to mitigate costs for a service already running at a deficit, by discouraging drivers to opt-out using thier cars and use public transport or pay the congestion charge. This is essentially a levey for driving dependant Londoners 😒

How very odd but the headlines no doubt will blame the London Mayor for these increases

EndsSARS EndSWATNow EndBadGovernanceinNIGERIA

Why can governments never actually tax those that make a living (and their wealth) from avoiding tax... it is just such bollocks that they prefer to put the emphasis on charging everyone else... it's a fking joke.

Still struggling to balance the books🤦🏼‍♀️

That is an extremely stupid move.

The government is demanding this? More like sadiq Khan is demanding the extension to pay for the tube network. The guy is a joke.

I thought the idea was to prevent cars being used in central London to prevent polution, not to make money

Yes cos money makes the air clean

That's right,hit mr.average and the motorists who are struggling to earn a crust....more shame on London

Boring

What will ShaunBaileyUK say this time? Let me guess Will wait for the heist to be finished Then blame the increase in fares and CC on the Mayor Wanna a bet?

A sure way to encourage people to return to travel to town irrespective of coronavirus if the fees go up workfromhome

What a great idea!! Puah prices up when people are going to be earning less. Makes sense !!!!!!

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