Commenting after a TfL Board meeting that confirmed no bailout deal had been agreed, Adam Tyndall, Programme Director for Transport at BusinessLDN, said:
“After more than 28 months of hand-to-mouth existence, TfL is now eating further into its reserves with each passing day. The success of London and the success of the UK remain inextricably linked, and we need these negotiations to be resolved swiftly with a sustainable deal that delivers for both. The last thing anyone wants is a deal that leaves TfL needing to make damaging cuts to services and unable to maintain London’s transport infrastructure, or even worse no deal.”