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*
