Transport for London crisis grows as funding deadline looms Transport for London crisis grows as funding deadline looms

Time is running out for a new funding settlement for Transport for London, amid increasing crossfire between the government and TfL over what the ‘price’ of a settlement should be. The Prime Minister Boris Johnson wants driverless trains to be a condition of any payment, but a newly-leaked report prepared by accountants KPMG for TfL is said to conclude that converting the network would cost £7 billion and be ’poor value for money’. Funding of up to £1.9 billion was agreed for TfL in May, but a two-week extension to that settlement runs out on Saturday.

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