Revenue Raised by Your Congestion Charge Increase

Questions to the Mayor of London – answered on 16th March 2021.

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Photo of Shaun Bailey Shaun Bailey Conservative

How much additional revenue will be raised due to the increase in the Congestion Charge?

Photo of Sadiq Khan Sadiq Khan Mayor of London

As a consequence of the increase in the Congestion Charge and other temporary changes imposed by the Government in the TfL funding agreement, the actual net revenue from 22 June to end February 2021 was £106 million.

Transport for London (TfL) forecasts show that the expected net budgeted revenue for the Congestion Charge as a whole is £232 million for this financial year. Within that, the net revenue TfL forecasts it will receive as a consequence of implementing the temporary changes to the Congestion Charge imposed by the Government, if they were to be in place for the rest of the financial year, is £113 million. This takes into account the increased cost to TfL of operating the scheme as well as the reduction in traffic volumes and temporary suspension due to the pandemic.