Higher council tax to help fund TfL’s defecit

Londoners are likely to face a hike in council taxes and changes to fares to help TfL shrink the deficit in its income caused by the pandemic.
Although TfL is still in negotiations with the Department for Transport (DfT) over a funding settlement to keep London’s transport network running, it’s clear that the DfT wants TfL to make up more of the shortfall in its income by raising revenue from within London.
TfL is currently being required to put in place plans to raise future revenue