The statement made by Sadiq Khan, the Mayor of London, on 28 July 2022.
Today, the Government has given TfL a short-term extension to the current emergency funding deal until 3rd August 2022. This is only necessary as the Government shared the long overdue draft proposal for a funding settlement to TfL late last Friday, and it’s right that time is taken to thoroughly scrutinise the offer and understand it’s impact on Londoners and TfL services.
This is a £10bn transport authority that is crucial to supporting jobs and economic growth across the country. TfL must consider if this draft proposal provides the funding needed in order to avoid having to make painful cuts, and it’s in no one’s interest to have conditions attached to this funding deal that come at a cost – damaging TfL, unfairly punishing Londoners and our economic recovery.