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Editorial: Transport for London needs a funding model fit for a modern capital

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On the tube, mind the gap is supposed to be a cautionary warning for absent-minded tourists. Alas over the course of the pandemic it’s become something rather more serious – a constant, if pithy, reminder of the black hole at the heart of Transport for London’s finances.

London is a great global city, but the funding model for the transport network which keeps it functioning is far from impressive. It is hugely reliant on fare box revenue, and when that falls – as it has over the past eighteen........

© City A.M.

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