Grant Shapps – 2021 Comments on Transport for London Financial Settlement

The comments made by Grant Shapps, the Transport Secretary, on 1 June 2021.

This £1.08 billion financial package will support London and its transport network through the pandemic, and ensure it is a modern, efficient and viable network for the future.

Throughout this process, the government has maintained that these support packages must be fair to taxpayers across the UK and on the condition that action is taken to put TfL on the path to long-term financial sustainability. As part of today’s settlement, the Mayor has agreed to further measures that will help ensure that.