Dr Alison Moore , Londonwide Assembly member, writes:
The pandemic continues to cripple Transport for London’s main source of income, which comes from passenger fares.
Despite this, the government has so far refused to provide TfL with the sustainable and long-term funding deal it needs to keep services running smoothly and to secure the future of key infrastructure projects - which are crucial for job creation and supporting London’s economic recovery.
This has meant that City Hall and TfL have been forced to find other ways of making up the financial deficit they face in future years.
One of the fairest solutions would be for ministers to allow London to keep hold of the money it collects through Vehicle Excise Duty. This is worth around £500 million per year, and is currently spent to subsidise road maintenance in other parts of the country.