Transport for London: Finance

(asked on 6th January 2022) - View Source

Question to the Department for Transport:

To ask the Secretary of State for Transport, what assessment he has made of the potential effect of a failure to secure a long-term funding deal for Transport for London beyond 4 February 2022 on (a) bus and (b) tube services.


Answered by
Trudy Harrison Portrait
Trudy Harrison
This question was answered on 11th January 2022

We have repeatedly shown our commitment to supporting London's transport network through the pandemic, providing more than £4bn in emergency funding to Transport for London to keep essential services running, to enable businesses to continue to operate and key workers to continue their critical work in the capital. This is in addition to this year’s Spending Review settlement for London, which provided over a billion pounds of capital investment per year, in line with previous funding.

The Government remains committed to providing further extraordinary funding to mitigate fare revenue loss as a result of the pandemic and ensuring all TfL services, including the bus and tube network, keep running in a way that is fair to the national tax payer. The current funding deal was only temporarily extended until February due to the Mayor being late in terms of providing future options.

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