House of Commons · Written Ministerial Statement
Local Transport Update
02 November 2020 · Department for Transport
Proposed by Grant Shapps Con Welwyn Hatfield
Summarised by AI from the official record, so it can contain mistakes.
At a glance
Key points
- The Government will provide 1bn in grant funding and borrowing to support TfL.
- The Mayor of London must produce a fiscal sustainability plan by January 11, 2021.
- Proposals for meeting costs of additional benefits through increased council tax are required.
Issue summary
The statement addresses a funding package for Transport for London (TfL) to ensure continued operation of public transport services in London through March 31, 2021.
Action requested
The Government will provide £1bn in grant funding and borrowing to support TfL, with additional measures including fare rises, maintenance of the congestion charge, and a review of driverless trains. The Mayor must produce a fiscal sustainability plan by January 11, 2021, along with proposals for meeting costs of additional benefits through increased council tax.
Key facts
- £1bn central funding scenario made up of £905m grant funding and £95m borrowing.
- TfL will impose fare rises of RPI plus 1% on all modes from January 2021.
- Congestion charge will remain at the hours and level increased in June.
- Mayor must produce a comprehensive management plan by January 11, 2021.
- TfL will submit proposals for meeting costs of additional benefits through an increased council tax precept from April 2021.