Transport for London's financial numbers crunch

A cross-party report has set out the substantial budgetary challenges facing the capital’s transport agency Put at its simplest, Transport for London (TfL) needs more money but is getting less of it. A year or so ago, it said its annual income was £11.5bn, but the figure in its 2016/17 budget and business plan, published in March, was £10.4bn (see page 60) - and that was before Sadiq Khan was elected mayor. Government cuts were already reducing the amount of cash coming in, and