Over the last four years, waste has grown at TfL.
Transport for London (TfL) is one of our most important institutions. It runs our trains, tubes and buses. It collects the congestion charge. It looks after roads and bridges. But it’s in financial trouble — and Londoners are asking why. So here’s everything you need to know.
Coronavirus caused a big drop in fare revenues. But that’s not why TfL needs a second bailout. For the last four years, under Sadiq Khan’s mayoralty, waste at TfL has grown out of control.
The amount spent on a pension scheme that’s 2.5 times more generous than the average public-sector pension
The amount spent on a fare subsidy that mostly benefitted tourists
The number of TfL staff paid over £100,000
The amount spent on service contracts, like £24 million to provide taxis for TfL staff
The amount lost due to Crossrail delays and lost fare revenue
The record amount of debt TfL had accumulated by March 2020, long before coronavirus
Find out more about why TfL needs a second bailout here.