TfL has a ‘matter of days’ to avoid bankruptcy following short-term funding bailout

Transport for London has agreed with the Government to extend its existing funding package until Friday (Aaron Chown/PA) (Picture: PA Archive)

Transport for London has a “matter of days” to avoid bankruptcy after again failing to agree a long-term funding deal with Government, Sadiq Khan has warned.

The emergency funding deal agreed in June last year was again extended over the weekend until February 25. It is the fourth short-term extension to be agreed, with the deal originally supposed to expire on 11 December 2021.