Mayor of London urges government to provide TfL with new funding settlement

Mayor of London urges government to provide TfL with new funding settlement

The Mayor of London, Sadiq Khan, has urged the government to provide Transport for London (TfL) with a new long-term transport funding settlement in an effort to support economic recovery amid the coronavirus (COVID-19) pandemic. According to Khan, TfL currently supports approximately 4,000 firms across the UK. Before the coronavirus pandemic, TfL would usually bring in revenues of around £13m a day. However, due to current levels of ridership amid the pandemic, it is currently bringing in approximately £5.2m per day.

Source: Mayor urges the Government to help protect thousands of UK firms

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