Read online at https://workersliberty.org/node/20854
Who Is Eating TfL s £900m Spare Cash?
Posted in
Tubeworker s blog on Tue, 30/04/2013 - 11:56,
A report has revealed a £900 million surplus in TfL’s budget. Labour London Assembly members have said that this money could have been used to reduce fares and reduce living costs in the capital.
Boris says that planned Tube upgrades will swallow any surplus.
But this shows that TfL bosses’ hands are not absolutely tied by poverty. TfL bosses are making choices about how their money is spent. They are choosing to cut the grant to the London Transport Museum, for example. They are choosing to de-prioritise a fares cut.
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