Transport for London: Finance
(asked on 8th September 2023) - View Source
Question to the Department for Transport:
To ask the Secretary of State for Transport, if he will make it his policy to introduce a new funding formula for Transport for London from April 2024 that reduces its reliance on passenger fares.
This question was answered on 13th September 2023
Transport in London is devolved to the Mayor of London and therefore any decisions on reducing Transport for London’s reliance on passenger fares are for him to make.