TfL Fare Income Takes Serious Hit, Poses Problems For Mayor

8 February 2017, 13:54

Sadiq Khan On The Tube

Income from fares is down £90m this year for TfL and it's posing problems for Sadiq Khan's fare freeze, says LBC's Theo Usherwood.

Tube journeys are down 14m on projections, with a cost of £43m to the TfL coffers. Meanwhile bus fares are down £51m, with the fall ascribed to passengers turned off by the level of crowding on buses.

The congestion charge is another factor in the falling income: money made from that has gone down by £6m, because more cars in central London are eco-friendly and are thus exempt from the charge.

That puts Sadiq Khan's fare freeze plan in a bit of a tight spot - it's already forecast to cost Transport for London £640m.

Val Shawcross , Deputy Mayor for Transport at City Hall, told LBC:

“We are delivering major efficiency savings that have already reduced the cost of operations by £129m compared with the first three quarters of 2015/16  – far outweighing this slightly lower fare income – and generating more money from our commercial development.”

Al Gore, speaking to James O'Brien on LBC

Al Gore Slams BBC For "Engaging In Climate Change Denial"

Shelagh had little time for Tom's claim people "should stick to their own group"

Remarkable Moment Shelagh Receives Call From A White Nationalist

Donald Trump has been criticised over his comments to North Korea

Trump Is Putting Our Lives In Danger, Guam Senator Tells LBC

The Sutton Estate, currently empty in Kensington and Chelsea

Enough Empty Council Flats In One Chelsea Block To House All Grenfell Families

Comments

Loading...