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Transport for London agrees £1.6 billion government bailout

Transport for London (TfL) has secured £1.6 billion in emergency funding from the government, but has to make a lot of changes to its operations in exchange for the bailout.

TfL Byelaws

As you might expect, travelling on the trains is subject to regulations, and they are listed on the TfL website here.

TfL projecting loss of £4 billion due to virus lockdown

Transport for London has confirmed that it is expecting to see a loss of £4 billion in revenues this year due to the coronavirus lockdown around half its annual income.

TfL outlines plans to cope with the post-lockdown commute

Following advice yesterday that people who can’t work from home should go back to work, TfL has outlined how it will cope with the commute in the era of the virus.

Tube fares could rise as London reopens from the lockdown

Changes to how much people pay for their peak-hours commute could be considered as a way of encouraging people to commute at different times, according to a report from the Institute for Fiscal Studies (IFS).

Approval for Leyton tube station upgrade

Formal approval has been given by Waltham Forest council to proceed with an £18 million upgrade of Leyton tube station.

TfL staff to furlough quarter of its workforce from next week

Transport for London has announced that 7,000 of its staff are to be put on furlough, the government scheme to fund salaries while people can’t do their jobs.

TfL warns of Coronavirus cash crunch

Transport for London could run out of money by the end of next week if it doesn’t receive support from the government, Sadiq Khan told BBC Radio London yesterday evening.

Transport for London to start furloughing staff

Transport for London has confirmed that it will be putting some of its staff on the government’s furlough scheme following a substantial decline in passenger numbers, and revenue from ticket sales.

Rail travel in London down by 95%, buses down by 85%

Since the order to avoid going outside unless essential, and avoid travel, passengers numbers on London’s trains have plunged by 95 percent, while bus passengers are down by 85 percent.

Transport for London debt put on review for Coronavirus downgrade

Transport for London (TfL) currently has around £11.7 billion of debt, and that has now been put under review for a ratings downgrade by one of the three big ratings agencies, Fitch.

Crossrail construction suspended due to Coronavirus

All Crossrail, and TfL construction sites are being shut-down during the Coronavirus pandemic.

TfL giving small businesses three months free rent due to Coronavirus

As people are avoiding (in theory) travel and shops, TfL has announced that it will scrap rent on small shops that have space in its stations and railway arches for three months.

TfL closes 40 tube stations, suspends the Night Tube, fewer trains and buses next week

TfL has announced sweeping changes to public transport services from tomorrow (Thursday) in response to the Coronavirus crisis.

Sadiq Khan confirms train fares to rise after the Mayoral election

Regardless of who is the Mayor after the next Mayoral elections, the fares freeze on the railways will come to an end.