TfL left to pick up costs after government rejects inflation linked funding support

Another hole has appeared in TfL’s finances, as the government has decided not to provide the expected financial support to cope with the effect of high inflation on TfL’s costs.Back inAugust 2022, when a funding deal was agreed to keep Transport for London (TfL) operating as it recovers from the pandemic, it was also accepted that high inflation could be a problem if it persists. Therefore, the agreement included a mechanism for further funding if the level of inflation forecast by