Home Business News TfL to receive ‘£250 million boost’ amid ‘poor governance and decision making’

TfL to receive ‘£250 million boost’ amid ‘poor governance and decision making’

by LLB Finance Reporter
18th Dec 23 9:46 am

Transport for London (TfL) has said they are to receive a “£250 million boost” from the government in 2024.

Transport Secretary Mark Harper has accused the Greater London Authority (GLA) of “poor governance and decision-making.”

Harper said, “This Conservative Government is providing London’s transport system with a £250 million boost following on from billions of support in recent years.

“The Government has expressed ongoing concern about the management of TfL by this Mayor, and it is disappointing that London taxpayers are having to foot the bill for the GLA’s poor governance and decision-making.

“Our capital city deserves a mayor who can balance the books without taxing the poorest motorists, or relying on taxpayers to prop them up.

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“That’s why I’ll be backing Susan Hall to be the next Conservative Mayor of London at the election in May.”

Liberal Democrat London Assembly Member and Transport Spokesperson Caroline Pidgeon said, “The UK Conservative Government has once again failed to adequately invest in the future of London’s public transport.

“By constantly forcing TfL to operate on a short-term basis the Conservatives are ensuring that projects will end up costing more overall and that those that require long-term funding commitments have their futures placed in doubt.

“The UK Government cannot continue to short-change London and expect it to continue to drive growth across the UK.”

Rail minister Huw Merriman said, “We’re investing in transport across the country, and today’s agreement will have a tangible, positive impact not just for people travelling in and around the capital but also the millions who visit every year.

“It is fair for Londoners and taxpayers, underpinning projects that will support hundreds of skilled manufacturing jobs in our vital rail sector.”

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