Mayor's budget deficit
Transport Committee this morning and we are hearing Transport for London present their business plan. Basic wheeze is that they have a balanced budget (they have to by law anyway) and for that money they could just about carry out their commitments to contracts already agreed and any safety work necessary.
Everything else – be that the West London Tram, better bus services, anything at all – the government has to give them the money. And the cost is around £900 million. The wheeze is that the way they present it isn’t about the Mayor having a pie in the sky wish list for which he has no money – but that if the Government don’t give him the money – they will be
condemning London to no improvements and indeed a worsening transport system. Clever hey?
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