Transport for London: Funding

Baroness Altmann Excerpts

Thursday 23rd June 2022 Lords Chamber

[Viscount Younger of Leckie (Con)]

I regret that I am not able to give an announcement on funding beyond tomorrow, but the noble Lord is right that investment in London benefits the economy and supply chain outside London. The Government recognise the need for certainty and stability in Transport for London’s capital investment programme, and remain committed to supporting London. But TfL’s income for 2021-22, including revenue from fares, road user charging, business rates and council tax—and our emergency support—is about the same as it was in the last year before the pandemic.

[Baroness Altmann (Con)]

Will my noble friend join me in congratulating the staff of, and those working in, Transport for London on keeping the service going so brilliantly during the pandemic, and on the way on which it has been recovering?

[Viscount Younger of Leckie (Con)]

Most certainly. My noble friend is absolutely right: about 26,000 staff work for TfL, and they work extremely hard on our behalf. As she pointed out, the difficulties that have arisen over the pandemic have been quite extraordinary, and I pay tribute to the staff on behalf of the Government.