House of Commons · Written Ministerial Statement
Transport for London Funding Extension December 2021
05 January 2022 · 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
- Transport for London's funding settlement is extended for seven weeks from December 17, 2021 to February 4, 2022.
- The extension aims to provide certainty and allow time for further evaluation of the Mayor of London's proposals.
- The proposed income raise from these proposals is expected to be between 0.5bn and 1bn.
Issue summary
This statement updates the House on a seven-week extension of Transport for London's funding settlement.
Action requested
The Government has agreed to extend the current Transport for London funding settlement from December 17, 2021 to February 4, 2022. This extension provides certainty and allows time for further consideration of the Mayor of London's proposals to raise new income between £0.5bn and £1bn.
Key facts
- The current Transport for London funding settlement is extended until 4 February 2022.
- Over £4bn has been provided in support so far.
- A letter from the Mayor of London on December 15, 2022 was received with further information about proposals to raise income between £0.5bn and £1bn.
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