TfL needs a long-term financial settlement, not another non-solution

As another emergency funding deal for Transport for London was put in place, London Assembly Transport Committee Chair Caroline Pidgeon stressed the need for a proper permanent settlement. Caroline said:

"This is welcome news, but these continued delays to a long-term solution are not useful, and TfL is not a political football. For the sake of TfL’s capital and revenue, a permanent deal needs to be in place.

"During the pandemic, train operating companies received continuous financial settlements, totalling up to 24 July 2021, more than £10.4 billion. TfL has received four short-term funding settlements from Government, totalling around £4 billion. This is now the fifth short-term non-solution.

"The to-ing and fro-ing has gone on for long enough and it’s time Londoners were given some certainty over the future of their transport system. A longer-term financial settlement is what London and the rest of the UK urgently needs!"

You can read more in the Evening Standard.