London | London’s transport network of Tube lines and red buses could be plunged into “managed decline”, as Prime Minister Boris Johnson and the capital’s Labour mayor, Sadiq Khan, squabble over a pandemic-related funding crisis.
Transport for London faces an “existential” £1.5 billion ($2.9 billion) budget shortfall by 2024-25 after revenue collapsed during two years of lockdowns and home-working, forcing Mr Khan and TfL to draw up emergency measures.
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Hans van Leeuwen covers British and European politics, economics and business from London. He has worked as a reporter, editor and policy adviser in Sydney, Canberra, Hanoi and London. Connect with Hans on Twitter. Email Hans at hans.vanleeuwen@afr.com
