Exclusive: Business chiefs call for long-term TfL funding to support return to work June 25, 2021 The government must agree a sustainable long-term funding deal for Transport for London (TfL) to help support the capital’s post-pandemic recovery, business chiefs have urged. In a new report seen by City A.M., lobby group London First said maintaining public transport services in the capital was “vital” in rebuilding confidence and supporting the shift to [...]
TfL funding package expires as talks continue on short-term rescue deal May 29, 2021 The emergency funding support programme agreed between Transport for London and the Department for Transport has come to an end, with discussions continuing on an extension. TfL were forced to go cap-in-hand to central government after passenger numbers collapsed at the start of Covid-19. A funding deal was struck in November 2020 to finish in [...]
TfL accepts emergency funding extension until May March 22, 2021 Transport for London (TfL) has this morning agreed to an emergency seven week extension to its current funding deal to keep it going amid the pandemic. The transport network had been hoping to strike a long-term funding agreement with the government to begin fixing its finances, but last week transport secretary Grant Shapps pulled the [...]
Rich List: Over 1,100 City Hall ‘fat cats’ pocket more than £100,000 a year March 18, 2024 The number of City Hall staff earning more than £100,000 has soared to over 1,100 so-called ‘fat cats’, according to a new 2024 rich list.
Spring Budget 2024: Transport for London in ‘terminal decline’ if new cash not forthcoming February 29, 2024 As the Spring Budget looms, London's real estate sector has launched fresh calls for a long-term funding package for Transport for London.
Electric bus fleet temporarily withdrawn in south London after fire January 13, 2024 An electric bus fleet has been withdrawn in south London after a double-decker caught fire.
Transport for London hits £138m operating surplus but investment in upgrades falls June 6, 2024 London's transport operator has faced a cash crunch ever since the pandemic decimated passenger and commuter numbers on the tube.
Sadiq Khan launches £24m plan to cut Tube and rail fares on Fridays January 28, 2024 Tube and train fares in London could be reduced on Fridays under a new £24m plan announced by London Mayor Sadiq Khan.
Bakerloo Line extension takes one step closer as £8bn plans unveiled February 24, 2024 Amongst the proposals include the extension of the Docklands Light Railway to Thamesmead, and a West London Overground line, as well as a second crossrail linking the south west and north east.
Elizabeth Line gets 4G and 5G mobile coverage for the first time July 3, 2024 New mobile coverage has been installed between Liverpool Street and Paddington Station and the whole line will benefit from 4G and 5G by summer's end.