Support 100 years of independent journalism.

  1. Science & Tech
  2. Coronavirus
22 April 2020updated 06 Oct 2020 9:45am

TfL will run out of cash before end of month without government grant

By Samuel Horti

Transport for London (TfL) will run out of cash before the month is up unless the government steps in, London mayor Sadiq Khan has said. 

TfL officials are talking to ministers about a possible grant, but if negotiations broke down the organisaiton would not be able to pay some staff and may have to cut services, Khan told the BBC. It is currently running on cash reserves, he said.

TfL has seen a massive reduction in passenger numbers during the coronavirus lockdown, with the number of tube travellers down 95 per cent.

Sign up for The New Statesman’s newsletters Tick the boxes of the newsletters you would like to receive. Quick and essential guide to domestic and global politics from the New Statesman's politics team. The New Statesman’s global affairs newsletter, every Monday and Friday. The best of the New Statesman, delivered to your inbox every weekday morning. The New Statesman’s weekly environment email on the politics, business and culture of the climate and nature crises - in your inbox every Thursday. A handy, three-minute glance at the week ahead in companies, markets, regulation and investment, landing in your inbox every Monday morning. Our weekly culture newsletter – from books and art to pop culture and memes – sent every Friday. A weekly round-up of some of the best articles featured in the most recent issue of the New Statesman, sent each Saturday. A newsletter showcasing the finest writing from the ideas section and the NS archive, covering political ideas, philosophy, criticism and intellectual history - sent every Wednesday. Sign up to receive information regarding NS events, subscription offers & product updates.

Content from our partners
How materials innovation can help achieve net zero and level-up the UK
Fantastic mental well-being strategies and where to find them
Accelerating the take-up of electric vehicles