February 3rd - TfL Tries To Mind The Gap
TfL is facing a funding shortfall of £1.5bn, leading to the network facing years of 'managed decline
Simon Calder's Independent Travel Podcast · The Independent
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Show Notes
Transport for London has announced in their latest financial update that the black hole in London's transport network has ballooned to £1.5 billion, mainly due to the pandemic. Just as London's network begins to show the strain of this, bosses are in a battle to get more money from the central government and are looking at a lot of different ways to claw back some of the money. Plans to introduce a road user charge, hike up council tax and extend a congestion charging zone will not be enough to balance the books, TfL board papers have revealed and talk of 'managed decline' as well as more off-the-wall plans such as closing tube lines for some days of the week are all being talked of. I take a look at what's going on.
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