Transport for London: Financial Settlement Debate
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Lord Bates
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Transport for London: Financial Settlement
Lord Bates Excerpts(3 years, 2 months ago)
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Baroness Vere of Norbiton (Con)
The noble Baroness is right that the Government did commission that report. It extends to many hundreds of pages, and contains a huge amount of commercial information which we would not want to see in the public domain, as it would not be beneficial to the future of TfL. But the report did give us a firm understanding of where TfL is at the current time. It should be remembered that, even before the pandemic, TfL had a deficit in 2018-19 of £494 million. Combined with that KPMG report and the financial sustainability plan that we have received from TfL, we are in a much better place to help the Mayor of London get TfL back on its feet, and the Government are ready to support that.
The Deputy Speaker (Lord Bates) (Con)
My Lords, the time allowed for this Question has now elapsed.