TfL business plan

MQT on 2019-03-21
Session date: 
March 21, 2019
Question By: 
Caroline Pidgeon
Liberal Democrats
Asked Of: 
The Mayor


What are the risks to fare income in TfL’s business plan?


Answer for TfL business plan
TfL business plan

TfL business plan

Answered By: 
The Mayor

The major risks to fare income for Transport for London (TfL) include the effects of a subdued economy on ridership, a disorderly exit from the European Union and the delay to the opening of the Elizabeth line. All these risks are built into TfL’s latest Business Plan which for the first time contains extensive commentary on forecasting. TfL has seen improved ridership in recent months including the busiest week ever on the Tube in December 2018. TfL revises its Business Plan annually to reflect latest trends and the national economic forecast and provides detailed forecasts for the next financial year in its Budget, which is published annually in March.