The Mayor of London, Sadiq Khan, said: “The Government has only given TfL another short-term extension – of just a matter of weeks – to the current emergency funding deal. This is no way to treat Londoners and the transport network they rely upon.
“The pandemic is the only reason TfL is facing a financial crisis. If the Government continues to refuse to properly fund TfL as we desperately need, TfL will be have no choice but to put our transport network into managed decline. This would mean almost one in five bus services being axed and cuts to London Underground services of nearly 10 per cent – the equivalent of closing an entire tube line.
“I urge Grant Shapps to meet with me so that we can finally agree a fair, sustainable, long-term funding deal that will protect London’s transport network – for the sake of the capital and the whole country.”