TfL outlines its budget for 2020 – focusing on more cost cutting

Transport for London (TfL) has published its draft budget for the next financial year 2019/20 which continues the organisation’s progress towards breaking even on the cost of day-to-day operations by 2022/23.
The organisation needs to cut costs in the face of a shrinking central government grant, declining passenger numbers on buses and the fares freeze imposed by the current Mayor of London.
The budget covers the first year of TfL’s Business Plan and shows how TfL will continue to i