Sadiq Khan says fare rises and bus cuts are likely
(Picture: PA)The new funding agreement for Transport for London comes after more than a month of tough negotiations with the Government. As Mayor, I’ve been determined to stand up for London and to fight for our transport network.
The sole cause of TfL’s financial problems was Covid-19. Pre-pandemic, we were on track to record an operating surplus for the first time ever in TfL’s history, but the cycle of lockdowns caused income to fall off a cliff. And with people working from home more, it still hasn’t fully recovered.
