Among its many other consequences, the pandemic has drastically affected Transport for London’s financial position. With the capital now being hit hard again by a spike in Covid-19 cases, it is clear that use of public transport in and around London, and therefore passenger revenues, will remain subdued for the foreseeable future.
The Government’s £1.8bn bailout in November has offered TfL some respite and ensured that it can keep Tube and bus services running until...
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