Transport for London: Funding

Part of Transport – in the House of Commons at on 8 February 2024.

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Photo of Mark Harper Mark Harper The Secretary of State for Transport

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.