T ransport for London has a “matter of days” to avoid bankruptcy after again failing to agree a long-term funding deal with Government, Sadiq Khan has warned. The emergency funding deal agreed... Read more »
The funding standoff between Transport for London and central government has inched closer to a long-term settlement, with a further £200m agreed to keep TfL services running for the next four months.... Read more »
Chancellor Rishi Sunak has announced a £1bn bailout for businesses hit by Covid as London bars, restaurants, and theatres are left empty. He was forced to cut his trip to the USA... Read more »
Southwark Council is set to cut ties with a private leisure firm it bailed out to the tune of £1.2 million during the pandemic. The local authority is set to bring services... Read more »
The cross-Channel rail operator stated it has reached a financing settlement with its shareholders and banks. This consists of French state rail firm SNCF, which is the corporate’s majority shareholder. The UK bought... Read more »