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Transport for London: Funding

Volume 745: debated on Thursday 8 February 2024

Transport in London is devolved to the Mayor of London. Since 2020, the Government have given TfL £6.6 billion of funding to support transport services. It is the responsibility of the Greater London Authority to hold the Mayor and Transport for London to account. The Department is in regular contact with TfL and monitors its finances in accordance with the terms of our funding settlement letters.

Clearly, the £6.6 billion to subsidise TfL came with strings attached, including raising fares in line with the rest of England. No sooner did the last instalment of the money arrive than the Mayor managed to find £30 million to pay off the National Union of Rail, Maritime and Transport Workers, which threatened strike action, storing up problems for the next negotiations. He then found £120 million so that he does not have to raise fares in line with the rest of England. He has now come up with a crazy policy of reduced fares on Fridays, without having talked to anyone before introducing it. Will my right hon. Friend have a meeting with the Labour Mayor of London and ensure the money provided by the Department is used for the benefit of Londoners?

My hon. Friend is right: it is important that the money is used for the benefit of Londoners. We have provided very significant support, as I have set out, but it has not stopped the Mayor of London from putting up taxes on the poorest motorists, with the extension of his ultra low emission zone scheme to outer London. Rather than my having a meeting with him, the best way to hold the Mayor of London to account is for voters in London to vote for Susan Hall and kick him out.