The current round of emergency funding for Transport for London (TfL) is set to expire on 4 February. While talks are still ongoing between the central government and the mayor of London, Sadiq Khan, for further financial assistance, the capital’s transport agency has warned that if this does not come to fruition, it will have to nurse a "managed decline" in order to drastically reduce costs.
So far, during the pandemic, TfL has received more than £4 billion worth of emergency funding from the central government.
