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Question by:
Damian Hockney
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Meeting date:
21 February 2007
Mayor, following on from what Bob Neill said, this really is a cash transfer of up to £16 million - £17 million from the Venezuelan oil company with its tax base in Holland. In return, London will provide services - TfL will provide services - but the cash will not be set against the provision of those services, it will be used to provide subsidised travel for those on income support. My concern is, when I look at yesterday's press release, this benefit worth at least the equivalent of £280 a year for up to 250,000 of the lowest income...