CityAM: TfL needs a bailout, but nobody should give the Mayor a blank cheque
As Londoners start to look forward to the end of the lockdown, TfL is in need of a bailout. Otherwise, according to Sadiq Khan, it will run out of cash. On the face of it, there’s nothing remarkable about TfL needing a bailout. Tube ridership is down 94%, buses down 85%. Even if passenger numbers were to bounce back between now and Christmas, TfL could be looking at a £2bn hole in its finances…
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