New short term package agreed meaning more cuts likely
Sadiq Khan warns of 10% cut in tube services
The government and Transport for London (TfL) have reached an agreement on a short-term extension to the current funding deal. TfL will continue to need to make savings and increase revenue through increased charges to received financial support from the Treasury. The new arrangement runs only until 13 July.
The Mayor of London, Sadiq Khan has accused the government of refusing to properly engage during the discussions about the package and is warning that, without a long-term funding plan in place, a 10% reduction in Underground services, equivalent to the loss of an entire tube line and a loss of 100 bus routes is probable.
Transport Secretary Grant Shapps said in response that the Mayor was trying to “deflect from his inability to responsibly manage the capital’s transport finances”.
Sadiq Khan, said, “The Government has only given TfL another short-term extension – of just a matter of weeks – to the current emergency funding deal. This is no way to treat Londoners and the transport network they rely upon.
“The pandemic is the only reason TfL is facing a financial crisis. If the Government continues to refuse to properly fund TfL as we desperately need, TfL will be have no choice but to put our transport network into managed decline. This would mean almost one in five bus services being axed and cuts to London Underground services of nearly 10 per cent – the equivalent of closing an entire tube line.
“I urge Grant Shapps to meet with me so that we can finally agree a fair, sustainable, long-term funding deal that will protect London’s transport network – for the sake of the capital and the whole country.”
A TfL spokesperson said, "We continue to discuss our funding requirements with the Government. There is no UK recovery from the pandemic without a London recovery and there is no London recovery without a properly funded transport network in the capital. It is essential London receives the sustained long-term Government funding that is vital for the coming years if a period of 'managed decline' of London's transport network is to be avoided.
Transport Secretary Grant Shapps said, “After committing to explore a long-term settlement in February, TfL and the Mayor agreed to provide information that would sufficiently demonstrate that conditions outlined in the current settlement are on track.
“Despite the Mayor repeatedly calling on the Government to deliver a long-term deal he has once again failed to fulfil his side of the bargain and provide the vital evidence required to progress talks, thereby preventing a deal which would not only represent value for money for all taxpayers but deliver for London at this crucial time.
“Department for Transport officials have met TfL on a regular basis to try and agree this deal and the Mayor is well aware of this – to suggest anything else is simply not true and an attempt to deflect from his inability to responsibly manage the capital’s transport finances, despite receiving almost £5bn of Government bailouts.”
Like Reading Articles Like This? Help Us Produce More
This site remains committed to providing local community news and public interest journalism.
Articles such as the one above are integral to what we do. We aim to feature as much as possible on local societies, charities based in the area, fundraising efforts by residents, community-based initiatives and even helping people find missing pets.
We've always done that and won't be changing, in fact we'd like to do more.
However, the readership that these stories generates is often below that needed to cover the cost of producing them. Our financial resources are limited and the local media environment is intensely competitive so there is a constraint on what we can do.
We are therefore asking our readers to consider offering financial support to these efforts. Any money given will help support community and public interest news and the expansion of our coverage in this area.
A suggested monthly payment is £8 but we would be grateful for any amount for instance if you think this site offers the equivalent value of a subscription to a daily printed newspaper you may wish to consider £20 per month. If neither of these amounts is suitable for you then contact email@example.com and we can set up an alternative. All payments are made through a secure web site.
One-off donations are also appreciated. Choose The Amount You Wish To Contribute.
If you do support us in this way we'd be interested to hear what kind of articles you would like to see more of on the site – send your suggestions to the editor.
For businesses we offer the chance to be a corporate sponsor of community content on the site. For £30 plus VAT per month you will be the designated sponsor of at least one article a month with your logo appearing if supplied. If there is a specific community group or initiative you'd like to support we can make sure your sponsorship is featured on related content for a one off payment of £50 plus VAT. All payments are made through a secure web site.
June 26, 2022