London

Is Tfl Underfunded?

The capital’s transport operator agreed a £3.6bn funding settlement with the Department for Transport (DfT) at the end of August, but TfL said at the time that it still left “an unfunded gap in [its] budget” of £740M to the end of the financial year 2023-24. Why is TfL underfunded? To set the record straight …

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