Statement from the Mayor on TfL funding

The Mayor of London, Sadiq Khan, said: “Today, the Government has given TfL another short-term extension – of just a few weeks – to the current emergency funding deal. This short extension is only necessary because the Government has still not put forward any proposals for discussion on the long-term funding London needs. I am growing increasingly concerned that we can’t wait any longer without serious consequences. 

“This is a £10bn transport authority that is crucial to supporting jobs and economic growth. Without a long term funding deal, TfL will have to prepare to make further painful cuts to London’s transport network - its ‘managed decline’ scenario. 

"The devastating impact of the pandemic is the only reason TfL needs financial support. It is now imperative that the Government urgently works with me to agree a fair, long-term funding deal that will protect London’s transport network – not just for the sake of the capital, but the whole country."