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Author Topic: £1.6bn bailout for Transport for London. 14th May 2020  (Read 2445 times)
grahame
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« Reply #15 on: July 20, 2020, 10:36:22 pm »

From The Guardian

Quote
The RMT trade union has accused the government of opening the door to privatising the tube after it was revealed that a review of Transport for London’s finances would consider “alternative operating models”.

According to the the terms of reference published on Monday, the review – imposed as part of a £1.6bn Covid-19 bailout package for London – will explore “whether there are any opportunities that alternative operating models could bring over the longer term, including consideration of structures and governance”.
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« Reply #16 on: October 16, 2020, 08:43:18 pm »

From My  London

Quote
Transport for London (TfL) and the Government are in talks regarding funding for the future of the city's public transport system - and there could be some consequences that hit many Londoners in the pocket.

Sky News has learnt that the price of a new bailout for TfL could be an extension of London's congestion charge zone, plus the removal of remaining free travel entitlements for children and pensioners.

The coronavirus pandemic has left TfL in dire straits with lost revenues across all transport networks due to vast drops in passenger numbers.

Now Sky News is reporting that government ministers have told TfL, that it will have to "introduce the reforms if it is to secure a bailout package ahead of a funding deadline in the coming days."

The Mail goes further ...

Quote
The Government has agreed to extend its financial support of Transport for London (TfL) for two weeks while negotiations on a new bailout continue.

Ministers are demanding that London's congestion charge zone is extended and free travel entitlements for children and older people are downgraded in return for what would reportedly be a ?1 billion package.

Earlier today, Sadiq Khan was accused of 'playing games' after claiming that ministers are demanding he extends the congestion zone to get a ?1billion bailout.

The London mayor faced fury over suggestions that the government had made the move a condition of the latest extraordinary cash injection to keep Transport for London from grinding to a halt, amid fears that could happen as early as this weekend. 

After the latest agreement, Deputy mayor of London Heidi Alexander said there remain 'differences to resolve' between both sides, and expressed hope that 'cooler heads can prevail over the next 14 days'.

She told a meeting of TfL's finance committee: 'Neither the mayor or I can see how it would be right to charge people ?15 to drive a mile from Wandsworth to Clapham, or from Catford to Lewisham, from October next year if the congestion charge was to be extended out to the North and South Circular.

'That is in effect what the Government have said to us that they want.

'We can't see why we should take free travel away from under 18s or over 60s when lots of people in London are actually facing some genuine hardship over the coming months.'
« Last Edit: October 16, 2020, 08:56:10 pm by grahame » Logged

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« Reply #17 on: October 17, 2020, 08:43:32 am »

From My  London

Quote
Transport for London (TfL) and the Government are in talks regarding funding for the future of the city's public transport system - and there could be some consequences that hit many Londoners in the pocket.

Sky News has learnt that the price of a new bailout for TfL could be an extension of London's congestion charge zone, plus the removal of remaining free travel entitlements for children and pensioners.

The coronavirus pandemic has left TfL in dire straits with lost revenues across all transport networks due to vast drops in passenger numbers.

Now Sky News is reporting that government ministers have told TfL, that it will have to "introduce the reforms if it is to secure a bailout package ahead of a funding deadline in the coming days."

The Mail goes further ...

Quote
The Government has agreed to extend its financial support of Transport for London (TfL) for two weeks while negotiations on a new bailout continue.

Ministers are demanding that London's congestion charge zone is extended and free travel entitlements for children and older people are downgraded in return for what would reportedly be a ?1 billion package.

Earlier today, Sadiq Khan was accused of 'playing games' after claiming that ministers are demanding he extends the congestion zone to get a ?1billion bailout.

The London mayor faced fury over suggestions that the government had made the move a condition of the latest extraordinary cash injection to keep Transport for London from grinding to a halt, amid fears that could happen as early as this weekend. 

After the latest agreement, Deputy mayor of London Heidi Alexander said there remain 'differences to resolve' between both sides, and expressed hope that 'cooler heads can prevail over the next 14 days'.

She told a meeting of TfL's finance committee: 'Neither the mayor or I can see how it would be right to charge people ?15 to drive a mile from Wandsworth to Clapham, or from Catford to Lewisham, from October next year if the congestion charge was to be extended out to the North and South Circular.

'That is in effect what the Government have said to us that they want.

'We can't see why we should take free travel away from under 18s or over 60s when lots of people in London are actually facing some genuine hardship over the coming months.'

There is a bigger game afoot than keeping TfL running ..................

Its the postponed Mayor for London election due in May 2021, the Government want to pain the Mayor as the "Milk Snatcher" ** taking away the free travel for school children, ramping up the cost of taking kids to school by car and costs of doing business in London by increasing the congestion charge.  But at the same time painting HMG as the knights in white armour rescuing public transport in London.


** Milk snatcher https://www.independent.co.uk/news/uk/politics/margaret-thatcher-regretted-snatching-milk-school-children-two-decades-a7500171.html
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« Reply #18 on: October 17, 2020, 09:11:05 am »

With a good campaign that could come back to bite the tory candidate if Sadiq Kahn manages to put the blame where it truly lies it would be seen as the intended policy of his tory opponent.
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« Reply #19 on: October 22, 2020, 02:24:05 pm »

I am not convinced that children should get free travel, they have to pay in most places other than London.
Neither in my view do they need driving to school. Walking, cycling, and use of paid for public transport are reasonable alternatives in most cases in London.
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« Reply #20 on: October 29, 2020, 11:41:41 am »

From Rail News

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Time is running out for a decision on TfL funding, with the deadline now barely 48 hours away for the Government to decide what it will require the Mayor to do in return for further financial support. Passenger revenues appear to be in danger of slumping again in response to new Tier 2 restrictions.

In return for help, the Government wants TfL to move ahead with developing driverless trains, increasing fares and the congestion charge, and reducing travel concessions.
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« Reply #21 on: November 01, 2020, 11:14:21 am »

https://www.bbc.co.uk/news/uk-england-london-54768723

Quote
Transport for London (TfL) has secured a ?1.8bn government bailout, to keep Tube and bus services running until March 2021.

The funding will ensure TfL can address its financial shortfall due to the loss of passengers as a result of Covid-19.

The exact amount of money involved is subject to passenger revenue in the coming months.

Mayor of London Sadiq Khan said the deal was "not ideal" but the government said it was "proof of our commitment".

Mr Khan said he fought hard against the "very worst" proposals, adding: "The only reason TfL needs government support is because its fares income has almost dried up since March."

Without a bailout the network would be forced to issue a Section 114 order, the equivalent of bankruptcy for a public company.

Discussions on longer-term sustainable funding continue, TfL said.

from further down the article ....



Quote
Both sides are declaring an element of victory in a negotiation that went down to the wire.

The mayor is pleased he has seen off an extension to the congestion charging zone but - and this is crucial - the government is pleased concessions for over 60s and under 18s will have to be paid for in the future by City Hall.

That could mean an increase in council tax. And don't forget fares will now be going up in January by inflation plus 1%.

and

Quote
"The mayor has pledged that national taxpayers will not pay for benefits for Londoners that they do not get themselves elsewhere in the country."


Hmmm ... there are those who might argue that better travel concessions for over 60s and under 18s should be universally available across the UK to help encourage the use of public transport - with one eye to climate issues, another to congestion and a third to rebuilding the use of public transport.  Far from limiting London, should the government be helping the provinces do the same?

Also noting the comment about fares ... I guess that there has been so much provaroaction on the fares review, Williams and the various ideas such as part time seasons and carnets that it's not too late to do anything in January except put the fares up more or less across the board?
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