Transport

Who will pay for the TfL of the future?

Start date: 12 June 2018
End date: 31 August 2018

Key Questions

Fares Revenue

  • What happens if fares revenue continues to fall?  
  • What is the long-term vision for fares revenue?
  • What impact will the continued trend towards cycling and walking have on fares revenue?
  • Could the Mayor afford to freeze fares in a second term?
  • How reliant is TfL on the Elizabeth line?
  • How should London’s roads be funded?
  • Can bus revenue increase without improving congestion?
  • Will new forms of transport like ‘on-demand buses’ hit TfL bus revenues?

Commercial revenue

  • How far can commercial revenue on the Tube go?
  • Is TfL pushing hard enough on commercial income?

Cost savings

  • What will happen to London’s roads in the next five years as TfL stops proactive road maintenance?
  • Is TfL on track to deliver its planned savings?
  • How will the passenger experience change over the next few years of belt-tightening?

Our investigation

The London Assembly Budget & Performance Committee is investigating:

  • TfL’s financial position and performance.
  • TfL’s plans to increase revenue to address its deficit.
  • Plans to cut costs to address the deficit, and the consequences of cuts.
  • How the TfL of the future might be financed.

Get involved

The Committee invites submissions addressing the questions above.

Email: [email protected]

Mail: London Assembly, City Hall, The Queen’s Walk, London SE1 2AA. 

Further information: 020 7983 5596

Media enquiries: Howard Wheeler 020 7983 5769