Funding the Tube

A joint meeting of the Company Councils for TfL, LU, and ex-TubeLines, the highest negotiating body in each company, on 23 June reiterated the bosses' position that TfL's financial situation makes cuts inevitable.

Although there was no concrete detail in management's presentation, its essential...

The Department for Transport (DfT) has given Transport for London (TfL) another funding bailout, which guarantees its operations for the next six months. The bailout is the latest in a series of similar packages negotiated throughout the pandemic, all of which have been an opportunity for the...

The government has extended TfL's funding to 28 May. Negotiations between TfL, City Hall, and the Department for Transport continue.

The current pattern of short-term funding bailouts is unsustainable. It suits the Tories, as every round of negotiations is another opportunity to attempt to attach...

Aslef drivers across LU have voted by a thumping 97.3% majority for industrial action to protect terms and conditions. The union is yet to name any action, but it's a resounding vote that will send a clear message to the bosses.

With LU's financial future in doubt, the bosses have our terms and...

Against the backdrop of the pandemic, the collapse of its fare revenue, and discussions with the Department for Transport about future funding models, Transport for London has published a "Financial Sustainability Plan".

The strongest words it can muster about its own future funding is a proposal...

The "Independent Review" into transport funding commissioned by the Mayor and the TfL Board has now been published. Remember, this was the "independent" alternative to the KPMG-led review commissioned by the Department for Transport, which - although we can't know for sure, as it hasn't been made...

The government has agreed a six-month, £1.8 billion funding bailout for TfL, after a period of intense negotiations that saw deadlines extend and talks go down to the wire.

The package is being widely reported as a "win for Sadiq Khan", as the deal does not include many of the concessions the...

Talks between TfL and the government about a further funding bailout are ongoing, with discussions being extend past the 17 October deadline for the expiry of the previous package.

Tory attack lines blame Labour Mayor Sadiq Khan for "bankrupting" TfL. This is a blatant lie. TfL's funding crisis...

The audit and review of TfL's governance and finance, ordered by the Department for Transport (DfT) as part of the funding bailout provided in June, and led by accountancy firm KPMG, was due to make its initial report at the end of August.

As Tubeworker reported, language in the audit's terms of...

The terms of reference announced by the government for the review of TfL's governance and finance make the direction of travel clear: cuts and privatisation.

References to "alternative operating models" and alternative "structures and governance" are coded language for taking TfL out of local...