Question to the Department for Transport:

To ask the Secretary of State for Transport, what assessment his Department has made of the potential merits of increasing direct Government funding to Transport for London to levels similar to those for transport networks in Paris and New York.

The Government currently provides approximately £1 billion per year of funding for capital investment to Transport for London (TfL). This is in addition to the three extraordinary funding and financing agreements since May 2020, worth more than £4 billion. These agreements take steps to place TfL on a financially sustainable footing while offering a fair deal for the taxpayer. In the most recent agreement, of 1 June 2021, the Government has committed to review of options for longer term reform of the funding framework for Transport for London, including governance and oversight. We continue to work with the Mayor and TfL on those options, and it would be inappropriate to comment at this stage.