Transport for London: Funding - Question

Part of the debate – in the House of Lords at 11:38 am on 23rd June 2022.

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Photo of Viscount Younger of Leckie Viscount Younger of Leckie Lord in Waiting (HM Household) (Whip) 11:38 am, 23rd June 2022

I regret that I am not able to give an announcement on funding beyond tomorrow, but the noble Lord is right that investment in London benefits the economy and supply chain outside London. The Government recognise the need for certainty and stability in Transport for London’s capital investment programme, and remain committed to supporting London. But TfL’s income for 2021-22, including revenue from fares, road user charging, business rates and council tax—and our emergency support—is about the same as it was in the last year before the pandemic.