TfL boss warns mayoral candidates against 'fare freeze' promises

 

Transport for London (TfL) boss, Mike Brown, has cautioned mayoral candidates against promising a fares freeze due to the multi-billion pound cuts announced in the Spending Review.

He told the London Assembly’s transport committee that the Department for Transport’s phasing out of TfL’s revenue grant would reduce its overall income by £2.8bn over the business plan period 2015/16 to 2020/21.

Work was underway to identify how to meet the challenge, including through further exploitation of property.

”Local
Mike Brown: Fare freezes a 'very large ask'

Labour’s mayoral candidate, Sadiq Khan, has already said fares should be frozen for four years.

Transport committee member Richard Tracey asked whether a freeze was a possibility, given the post-CSR budget position. Mr Brown replied: ‘I think it’s definitely too early to make any sort of commitment to that – would be my strong recommendation to the mayor, although of course ultimately fares are a matter for the mayor himself or herself.

‘I think we have to be very clear that we do want an affordable, accessible transport network for everybody, so the ability to contain fare increases going forward has to be always balanced between the need to continue to invest in the infrastructure, to continue the modernisation of the tube, do what we need to do on the road network and everything else that’s required.’

He agreed with Mr Tracey that a fares freeze would be a ‘very large ask’ and said: ‘At the moment, fares still account for a very significant proportion of our income and revenue stream. The work I was talking about in terms of commercial development and other opportunities doesn’t yet come close to the sort of contribution that fares make. I would certainly be very cautious about saying we can amend our fares plan at the moment.

‘This is the significant challenge that we’ve got in terms of the much steeper reduction in our revenue grant. Can we continue to invest and deliver these savings at the same time?’

 

Also see

 
comments powered by Disqus
 
 
highways jobs

Definitive Map Manager

Cambridgeshire County Council
£32,825 - £35,401
This role is based within the Highways Service at Cambridgeshire County Council and provides an unusual and... Cambridgeshire
Recuriter: Cambridgeshire County Council

Bridge Park Operations Manager

Brent Council
£38,799 - £41,706 p.a. inc.
This is an exciting opportunity to play a key role in managing the operations and contributing towards the... Brentford (City/Town), London (Greater)
Recuriter: Brent Council

Assistant Engineer

Cambridgeshire County Council
£21,074 - £30,756
A great opportunity for someone looking to start or develop a career in Highways Engineering including the... Cambridgeshire
Recuriter: Cambridgeshire County Council

Head of Strategic Transport

Cheshire East Council
£64,000 - £75,000 + benefits
We’re committed to “working for a brighter future together” – and we expect you to be too! Cheshire
Recuriter: Cheshire East Council

Regeneration Manager

Mole Valley District Council
£52,895 - £57,143 FTE
This is a great career opportunity to specialise in town centre regeneration and repositioning. Dorking, Surrey
Recuriter: Mole Valley District Council

Technical Services Officer (Mechanical)

Kirklees Metropolitan Council
£36,876 - £38,813
This is an exciting and challenging time for Kirklees and we want to expand our team to manage and deliver construction... Kirklees, West Yorkshire
Recuriter: Kirklees Metropolitan Council

Road and Footway Asset Engineer

Kent County Council
£28,925 per annum
An exciting opportunity has arisen to join the Road and Footway Asset Team as an Asset Engineer. Kent
Recuriter: Kent County Council

Head of Waste

Lincolnshire County Council
£65,651 - £70,725
As Head of Waste, you will be commercially focussed and forward-thinking. Lincolnshire
Recuriter: Lincolnshire County Council

Assistant Director

Reading Borough Council
Up to £92k
It’s the ideal time to take the lead on our modernisation agenda, and deliver growth in the trading of our front line services. Reading, Berkshire
Recuriter: Reading Borough Council

Assistant Director – Highways

Lincolnshire County Council
£82,264 - £107,878
Come and lead the future agenda for our highways services. Lincolnshire
Recuriter: Lincolnshire County Council

County Highways Manager

Lincolnshire County Council
£55,503 - £60,578
Seeking a highly motivated leader and an excellent communicator, who has a proven ability to build relationships and trust, leading by example. Lincolnshire
Recuriter: Lincolnshire County Council

Local Highways Manager (East) - Lincolnshire County Council

Lincolnshire County Council
G12 £43,662 - £50,430
Seeking someone who combines excellent technical knowledge with a dedication to the customer. Lincolnshire
Recuriter: Lincolnshire County Council