TfL is getting a £1.9bn bail-out because revenue from fares and the congestion charge have collapsed. When I last looked, TfL’s budget was over £5bn a year, with 100 managers on salaries of over £100,000, with BUPA and generous pension provision among the perks. Much of TfL’s vast budget is spent on vexatious traffic control, and the con charge was introduced before the sociable Equality Streets approach was even tried.
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