TfL settlement sees London shed over 80% of active travel funding – Cycle Industry News
The long-running standoff between Transport for London (TfL) and the Conservative Government this week settled on a £1.2bn funding offer, albeit one described as “far from ideal” in respect of a shortfall that will drive up public transport costs and see budgets slashed.
Cycling will not be immune from the funding pains that Labour Mayor Sadiq Khan is tasked with explaining to Londoners looking to slash transport costs in the face of rising inflation. The shortfall, according to Khan, is around £600 million, but will be enough to avert the worst case proposal of a managed decline of many tube and bus services.