TfL Passenger Numbers (1)

Meeting: 
MQT on 2017-12-14
Session date: 
December 14, 2017
Reference: 
2017/5273
Question By: 
David Kurten
Organisation: 
UKIP
Asked Of: 
The Mayor

Question

TFL recently said that a drop of passengers using its services was partly because of "Brexit". Please could you provide the evidence of these findings? 

Answer

Answer for TfL Passenger Numbers (1)

Answer for TfL Passenger Numbers (1)

Answered By: 
The Mayor

The economic and fiscal outlook analysis from the Office for Budget Responsibility (OBR) that accompanies the Government's Budget has consistently advised that Brexit-related uncertainty is one factor contributing to reduced GDP growth. This position was maintained in the OBR's analysis that was published on 22 November 2017 to accompany the most recent Budget. It is well understood that GDP growth is closely linked to trend in demand for Transport for London services.