London Transport (Supplementary) [1]

Session date: 
January 17, 2019
Question By: 
Florence Eshalomi
Organisation: 
Labour Group
Asked Of: 
The Mayor

Question

I just wanted to come in on this because the reality is that TfL’s finances were made significantly worse under a former Conservative Mayor when this grant was cut and this is now even more compounded by the fact that London does not get its fair share of vehicle excise duty.  Based on that and based on the fact that we saw a number of wasted projects where money was spent, like a Garden Bridge that no one wanted, will you be making the case to the Government in the run-up to the [Comprehensive] Spending Review to make sure that London gets its fair share of funding for transport projects?

 

Supplementary To: 

Answer

London Transport (Supplementary) [1]

London Transport (Supplementary) [1]

Answered By: 
The Mayor

Chairman, can I thank through you for the question raised by the Assembly Member, which is really important?  If you compare like with like, removing on average £700 million operating grant from our city, the deficit in 2015/16 that TfL had was £1.5 billion.  This year [2019], we have managed to reduce that by more than half.

 

The Assembly Member is right that we are losing money that we desperately need.  I cannot think of any other transport authority in the Western world that is not subsidised by central Government.  The money raised in London via vehicle excise duty is not being spent on London roads.  It is being spent around the country.

 

In those circumstances, I will be lobbying the Government for a decent settlement in the Spending Review, not just to pay for future investment in infrastructure from the Sutton tram to the Bakerloo Line Extension to Crossrail 2 and other major projects we need, but to support us in relation to revenue spend as well for TfL.  It is really important that we invest in transport in our city and I would hope that Conservative Members of this Assembly will join us in that lobbying.

 

Florence Eshalomi AM:  Thank you, Mr Mayor.