Funding for Transport for London

Caroline Pidgeon MBE AM proposed, and Elly Baker AM seconded, the following motion: 

“This Assembly endorses the views expressed by the London Assembly Transport Committee in its recent letter to the Secretary of State for Transport where numerous examples were provided of where London’s transport network would benefit from the security of a long-term funding agreement that would allow Transport for London (TfL) to effectively plan and allocate their resources.

This Assembly further believes that a long-term finance settlement for TfL would benefit both London and the whole country and that the current situation of repeated short-term deals has led to significant waste.

This Assembly reiterates its call for the taxpayer funded KPMG report into TfL finances that was completed in 2020 to be published, and believes that a failure to publish this report, even in a redacted form, restricts a fair examination of TfL finances and therefore calls upon the Chair of the London Assembly to write again to the Secretary of State for Transport calling for the KPMG report to be finally published, if necessary with redactions.

This Assembly also calls for greater transparency in the publication of funding for all transport providers during Covid and urges the Chair of the London Assembly to also write to the Secretary of State for Transport calling for the most recent payments to the train operating companies under emergency agreements to be published in full, allowing a fair comparison between the funding of the train operating companies and TfL.”

Following debate and upon being put to the vote, the motion was agreed with 16 votes being cast in favour and 8 votes being cast against.