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LCCI react to latest TfL funding offer

Thursday 18 March 2021

Reacting to the government’s funding offer for Transport for London until May 18 2021:

London Chamber of Commerce and Industry Chief Executive, Richard Burge, said:

“It is of course welcome that funding has been offered to keep the network moving. However, it’s already clear that another deal would be needed beyond the mid-May funding deadline, as TfL’s revenue will still be significantly impacted by loss of commuters and tourists, likely into late 2021. It’s therefore disappointing that the offer doesn’t extend further at this stage.”

ENDS

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