'No chequebook yet' for Sadiq Khan as mayor seeks long term funding for London transport

Sadiq Khan News

'No chequebook yet' for Sadiq Khan as mayor seeks long term funding for London transport
Mayor Of London
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London's mayor reportedly needs £500m-a-year from the government and a long term funding deal to make sure the capital's buses and Tubes run smoothly.

Sadiq Khan might have to wait a bit longer to get the money he wants to bankroll Transport for London after being told by the Transport Secretary "I've not come with my chequebook".

But Labour's new Transport Secretary said any settlement would come at the end of a comprehensive spending review and Budget at the end of the year. "But we absolutely want to look to more multi-year settlements. We know that allows local authorities and mayors to plan ahead and deliver better services."

The amount Sadiq Khan wants is twice the £250m given to TfL under the Conservatives for the 2024-25 financial year."The amount of money depends in relation to the ambitions that government has in relation to growth.

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