Transport for London: Long-term Funding Settlement

Part of Transport – in the House of Commons at on 13 October 2022.

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Photo of Katherine Fletcher Katherine Fletcher Parliamentary Under-Secretary (Department for Transport), The Parliamentary Secretary, Cabinet Office

Well, this is not remotely intimidating!

The longer-term settlement agreed with the Mayor in August sets a framework for Government funding until March 2024 and gives certainty on transport in London. It is based on commitments made by the Mayor during previous agreements and it is now down to the Mayor and Transport for London to deliver. Progress under the most recent funding settlement will be regularly monitored to ensure fairness to the national taxpayer.