The deadline for the final Transport for London bailout deal passed at lunchtime yesterday and, as such, our transport network has since been running without much-needed funding.
While details about what is in the package remain scarce, TfL clearly felt unable to accept it before the deadline due to strings and conditions which could lead to service cuts and the much-feared ‘managed decline’. Even the length of the deal, 20 months, is less than the three years TfL says it needs.
