Sadiq Khan accepts ‘far from ideal’ settlement but says it secures long-term future for transport network
Tube fares will rise and more bus services will be cut in the capital, the mayor, Sadiq Khan, warned, after Transport for London agreed to accept a £1.2bn funding settlement from the government.
The deal, slightly improved from a “final offer” made in July by the transport secretary, Grant Shapps, was welcomed by TfL as allowing it to avert the “managed decline” of its transport network.
