{"id":45743,"date":"2022-07-14T20:00:00","date_gmt":"2022-07-14T19:00:00","guid":{"rendered":"http:\/\/www.britishtramsonline.co.uk\/news\/?p=45743"},"modified":"2022-07-14T19:39:31","modified_gmt":"2022-07-14T18:39:31","slug":"another-15-days-extension-of-funding-for-tfl","status":"publish","type":"post","link":"https:\/\/www.britishtramsonline.co.uk\/news\/?p=45743","title":{"rendered":"Another 15 days extension of funding for TfL"},"content":{"rendered":"<p>The game of political football that is government funding for Transport for London is continuing with the latest announcement adding an extra 15 days onto the current settlement \u2013 it is now due to expire on 28<sup>th<\/sup> July 2022.<\/p>\n<p><!--more--><\/p>\n<p>The game of you haven\u2019t done this, yes we have is continuing over the finer points of the deal with the government \u2013 through Secretary of State for Transport, Grant Shapps \u2013 saying that TfL have still to provide assurances of their financial sustainability going forward whilst TfL have said they have met them in full.<\/p>\n<p>In a statement TfL said: \u201cWe\u00a0have today agreed with the Government that our existing funding agreement will be extended until 28 July 2022\u00a0so these discussions can be\u00a0continued.\u00a0Whilst in receipt of Government support, we have worked hard to progress\u00a0all conditions placed on TfL, and continue to\u00a0maintain\u00a0that we have met them all.\u00a0Working together, we must achieve a longer term capital funding settlement that ensures London&#8217;s transport network can remain reliable and efficient, can support the jobs\u00a0and new homes that rely upon it and can support the economic recovery of the capital and the country as a whole. We hope these discussions can be concluded successfully soon.&#8221;<\/p>\n<p>Grant Shapps said: \u201cThis extension to the current funding settlement is necessary due to the unsatisfactory progress made by TfL on meeting agreed deadlines, including relating to pensions. Resolving these issues is an integral part of setting TfL on the path to financial sustainability, and government stands ready to engage constructively to reach a resolution. This extension ensures that they receive due attention.Government is committed to supporting London\u2019s transport network as we have since the start of the pandemic and is in discussions with TfL on a longer-term settlement. By rolling over the provisions of the existing agreement, the extension provides continued support to TfL and certainty to Londoners while we work with TfL on their funding needs. This extraordinary support to TfL has always been on the condition that TfL reaches financial sustainability as soon as possible and with a target date of April 2023 and government continues to press the Mayor of London and TfL to take the decisions needed to put the organisation on a sustainable footing.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The game of political football that is government funding for Transport for London is continuing with the latest announcement adding an extra 15 days onto the current settlement \u2013 it is now due to expire on 28th July 2022.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[9,16],"tags":[],"_links":{"self":[{"href":"https:\/\/www.britishtramsonline.co.uk\/news\/index.php?rest_route=\/wp\/v2\/posts\/45743"}],"collection":[{"href":"https:\/\/www.britishtramsonline.co.uk\/news\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.britishtramsonline.co.uk\/news\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.britishtramsonline.co.uk\/news\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.britishtramsonline.co.uk\/news\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=45743"}],"version-history":[{"count":1,"href":"https:\/\/www.britishtramsonline.co.uk\/news\/index.php?rest_route=\/wp\/v2\/posts\/45743\/revisions"}],"predecessor-version":[{"id":45744,"href":"https:\/\/www.britishtramsonline.co.uk\/news\/index.php?rest_route=\/wp\/v2\/posts\/45743\/revisions\/45744"}],"wp:attachment":[{"href":"https:\/\/www.britishtramsonline.co.uk\/news\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=45743"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.britishtramsonline.co.uk\/news\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=45743"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.britishtramsonline.co.uk\/news\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=45743"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}