From the press release…

  • Six-month deal means £1.8 billion of Government grant and borrowing made available on current projections to Transport for London (TfL) to keep services running until March 2021  
  • Mayor rejects government plans for huge extension of the Congestion Charge zone, scrapping free travel for older and younger Londoners and increasing TfL fares by more than previously agreed   
  • Transport for London to make £160m of savings this financial year, and City Hall will need to raise additional income to protect concessions for older and younger Londoners for future years – if the Mayor wants to continue these  
  • Mayor says deal is ‘not ideal’ but adds that he fought hard against the Government’s determination to punish London

https://www.london.gov.uk/press-releases/mayoral/mayor-reaches-deal-on-tfl-funding

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