Property development focused TFL bill before Parliament again
Submitted by Admin on 16 November, 2015 - 17:25The Transport for London Bill is before Parliament today - Monday 16 November. This bill is designed to help TfL fill the funding gap arising from impending cuts in the grant it receives from central government, by allowing it to use offshore companies to develop its property.
Leaks show that, from the turn of the decade, the government will cut £700 million a year from its contribution to TfL’s budget.