Transport for London: Funding deal extended by a fortnight
Transport for London’s (TfL) emergency funding deal with the government has been extended by a fortnight. The current financial deal was due to run out on 4 February, but negotiations have been given a short grace period. TfL is facing a £1.9bn budget black hole and has warned of massive cuts to bus, Tube and road services. There have been repeated rows over funding for TfL and the cause of its financial crisis. TfL said discussions were continuing with the government as it aimed to secure “long-term funding”. A spokesperson added: “There is no UK recovery from the pandemic without a