Government poised to settle troubled TfL’s financial future

Funding

The short-term financial future of Transport for London is expected to be settled this weekend, irrespective of whether the Government and London mayor Sadiq Khan can agree on a financial rescue package to cover the income losses arising from Covid-19. 

On 16 October the Government and TfL agreed a two-week extension to the existing financial package that had been due to expire on 17 October, taking it through to the 31 October. TfL’s actual funding shortfall to 17 October was less...

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