Sadiq Khan takes Transport for London into new business territory
The London mayor insists he can honour his election pledges by making his transport agency operate more efficiently
Rows about the finances of Transport for London (TfL) were prominent during this year’s election campaign and also a bit odd. For years, Conservatives had claimed that the large and powerful mayoral agency is a bloated bureaucracy in need of ruthless trimming, yet there was the Tory candidate – a Mr Goldsmith, you might recall – insisting that it could not cope with its fares being frozen for four years, while Labour man Sadiq Khan was pledging to transform it into a paragon of enterprise and efficiency.
Seven months on from Khan’s big win, the first TfL business plan of his mayoralty has appeared. The sums are there on paper. So are Khan’s ambitious plans. Political opponents, naturally, say neither add up, with Tory AM Keith Prince worrying that the number crunching bites too deeply into TfL’s reserves and even using the word “socialist” to describe them – on Her Majesty’s BBC too! He also points out, quite correctly, that borrowing is going to soar.
Source: Guardian Transport