TfL Finds Cash Behind The Sofa

Rachel Holdsworth
By Rachel Holdsworth Last edited 115 months ago
TfL Finds Cash Behind The Sofa

Image by gary8345 from the Londonist Flickr pool
Well, not quite. TfL is expected to announce it's worked out how to save £2.5bn to meet the funding gap left by Metronet's demise. In addition to the 1,000 redundancies that brought the RMT out on strike, money will be saved by postponing upgrades to 50 stations, negotiating new terms with suppliers and pushing back plans for more frequent services on the Bakerloo line til 2020.

The good news is that the signalling upgrade to the District, Circle, Metropolitan and H&C lines will go ahead. At the risk of being controversial, we reckon they're more in need than the Bakerloo (whenever we've used the 'Loo it's always seemed fast, frequent and reliable, but we're prepared to be banged to rights by any regulars).

But this funding gap isn't the same funding gap that we told you about last month. No, the Tube Lines 'missing' billions still needs sorting out. And of course, the RMT are talking up the dangers of cost-cutting and more strikes. Since, you know, the last one was such an unmitigated hit with everyone. *ahem*

Last Updated 22 June 2009