Question to the Department for Transport:

To ask the Secretary of State for Transport, if he will ensure that Transport for London does not pay bonuses to senior management for the next two years as part of a bailout plan.

The Government has provided Transport for London (TfL) with more than £4 billion of support through three extraordinary funding and financing agreements since May 2020. These agreements have taken steps to put TfL on a sustainable financial footing while ensuring a fair deal for the taxpayer.

Transport in London is devolved, and it is for the Mayor and TfL to take the difficult decisions necessary to ensure a balanced budget. However, in the most recent funding agreement, of 1 June 2021, paragraph 28 stipulated, “Any bonus pay awards will not be paid for through extraordinary Government funding and TfL will have to demonstrate prudence in making any such payments. The Government does not expect TfL to authorise individual bonus pay awards.”