TfL urges Londoners to stay home on Tuesday as thousands of workers set to walk out in Tube and rail strikes June 15, 2022 Transport for London (TfL) has urged Londoners to avoid travelling on 21 June as thousands of workers are set to walk out in a separate tube and rail strike. TfL said it was expecting severe disruption across the Tube network following the planned strike called last week by the unions RMT and Unite. The industrial [...]
Canary Wharf becomes latest Elizabeth line’s station to join TfL January 25, 2022 Canary Wharf has become the latest and penultimate station on the Elizabeth line to be transferred from Crossrail to Transport for London (TfL). “This is the ninth station to be handed over to TfL and marks another big milestone for the Elizabeth line before it opens for passengers in the first half of this year,” [...]
Exclusive: Online card fraud incidents across TfL spike in 2021 despite a fall in travel numbers May 17, 2022 Despite a Covid-induced slump in travel numbers, the number of online card fraud incidents on Transport for London’s (TfL) railway network spiked in 2021. According to TfL data obtained through a Freedom of Information (FOI) request, the number of online fraud incidents increased 31.8 per cent to 655 in 2021, going up from 497 a [...]
TfL bosses say Tube staff pay rise will worsen financial crisis February 18, 2022 Transport for London (TfL) bosses have warned that the body’s financial situation will worsen following the eight per cent pay rise awarded to 16,500 Tube staff. The deal, which sees employees being entitled to the RPI rate of inflation plus 0.2 per cent, will cost TfL an additional £100m and lead to further cuts to [...]
Sadiq Khan “hopeful, but not confident” about TfL deal as funding expires tomorrow February 17, 2022 London mayor Sadiq Khan said today he is “hopeful, but not confident” of securing a long-term deal for Transport for London (TfL) as government funds are set to expire tomorrow. “It’s really important for the government to realise, these sticking plasters in the short, medium and long term cost us more,” the Evening Standard reported [...]
Tech Weekly: Yapily CCO on open banking’s ‘TfL moment’, and HSBC takes on the metaverse March 18, 2022 In this week’s episode Nasson, Charlie, and Lily take a look at some of the biggest stories in tech, crypto, fintech and beyond! Charlie chats to Iain McDougall, CCO of Open Banking firm Yapily, about open banking’s ‘TfL moment’, and why increasing integration is crucial. Later in the episode Charlie chats to Nasson about the [...]
Bus cuts will only save TfL £35m a year when £730m needed under govt plan June 30, 2022 Transport for London’s (TfL) decision to axe or amend 78 of the current 620 bus routes will only lead to a £35m cost savings per year – when £730m is required from a government plan. TfL’s operating officer Andy Lord said the savings weren’t “an insubstantial amount in the context of savings we’ve got to [...]
The City View: Metro Bank, Fuller’s and trouble for TfL November 18, 2021 In this edition of The City View, the daily podcast from City A.M., editor Andy Silvester talks to economics and markets correspondent Jack Barnett about Metro Bank, good news from pub group Fuller’s, and funding issues at TfL. Andy also touches bases with River & Mercantile’s Dan Hanbury on where opportunities lie in the UK [...]
End of work from home gives TfL a well-deserved boost to ridership February 10, 2022 Transport for London (TfL) received a well-deserved boost following the end of the ‘work from home’ order. According to data released today, since restrictions were lifted on 19 January, Tube ridership numbers have increased 25 per cent, reaching 60 per cent of pre-pandemic levels. As workers flock back to the Square Mile, stations closest to [...]
Whitehall should not be able to escape TfL’s case for funding November 18, 2021 There is a brilliant, if possibly apocryphal, anecdote that emerged from the 2000 US election. Karl Rove, George W. Bush’s election strategist, was finally accosted by the journalists who had been following Bush on the campaign trail for weeks, reciting the same speech, city by city, state by state. The hacks begged Rove to change [...]