London Daily

Focus on the big picture.
Saturday, Mar 21, 2026

UK PM launches scathing attack on London mayor for 'bankrupting' Transport for London

UK PM launches scathing attack on London mayor for 'bankrupting' Transport for London

British Prime Minister Boris Johnson accused London Mayor Sadiq Khan of having “effectively bankrupted” Transport for London (TfL) before the pandemic hit, as coronavirus bailout negotiations turned into a fiery standoff.

Khan has called on the UK government to provide a £5.7 billion coronavirus relief package, as TfL falters with commuters staying at home and abandoning the capital’s transport network.

During his latest weekly Prime Minister’s Questions session in the House of Commons, Johnson lashed out at Khan, claiming that “the current Mayor of London had effectively bankrupted Transport for London before coronavirus had even hit,” and arguing that “any other measure taken to improve the finances of TfL are entirely the responsibility” of the Labour politician.

In return, Khan has claimed that the government demanded that he increase fares, expand the size of the congestion zone and implement a slate of other revenue-raising efforts, which the mayor has so far rejected, as they would violate his key pledge to freeze the cost of single fares.

The government has threatened to take direct control of TfL if Khan rejects the measures proposed in return for bailout funds. The deadline for a deal to be agreed was initially set for last Friday, but has now been pushed back by another two weeks, with TfL set to hold an important board meeting on Wednesday with the London mayor.

The fiscal situation in the UK’s capital city is a personal issue for Johnson who, prior to his return to parliament and rise to prime minister, served as mayor of London for eight years from 2008-2016, leaving the city in, what he claims, was “robust health.” Khan hit back at the prime minister’s statement by accusing him of having “lied to the House of Commons” before defending his policies that he claims were in the process of “fixing his mess at TfL – reducing the deficit by 71 percent since 2016.”


Before the pandemic, TfL had cash reserves of £2.2 billion, but was facing sizable operating losses, with a plan to break even by 2021-2022. When coronavirus hit and the government ended the initial £1.6 billion funding and financing package for TfL that had been agreed back in May, the financial situation became bleak for the transport network.

Newsletter

Related Articles

0:00
0:00
Close
Lord Walney Warns of Expanding Iranian Influence Networks Within the United Kingdom
Iranian National Among Two Arrested After Attempt to Access UK Nuclear Submarine Base
Deregulation, Artificial Intelligence, and Fraud Laws Reshape UK Financial Services Landscape
UK Considers Lower Speed Limits to Reduce Fuel Use Amid Escalating Energy Crisis
UK Borrowing Costs Surge to Post-Crisis High as Markets React to Inflation and War Risks
UK Government Prepares Emergency Economic Measures as Iran Conflict Fuels Financial Risks
Meningitis B Outbreak in the UK Raises Urgent Health Warnings as Cases Surge
Iran Issues Stark Warning to Britain Over US Base Access Amid Expanding Conflict
United Kingdom Authorizes US Strikes from British Bases as Iran Threatens Key Shipping Routes
Reform UK Suspends Scottish Candidate Following Financial Misconduct Allegations
Apple issues an unusual warning: this is how your iPhone can be hacked without you doing anything
UK and Nigeria Reach Agreement to Accelerate Return of Irregular Migrants
UK Sets New Aid Priorities Following Significant Budget Reductions
Cyprus President Urges Open Dialogue Over Future of British Sovereign Base Areas
Cyprus President Urges Open Dialogue Over Future of British Sovereign Base Areas
UK Plans 50% Steel Tariffs in Bold Move to Protect Domestic Industry
Iran Conflict Sends Shockwaves Through UK Economy as Energy Costs and Trade Risks Surge
UK Health Officials Warn Kent Meningitis Outbreak Still Active as Cases Continue to Rise
UK Climate Progress Faces Scrutiny Over Reliance on Carbon Accounting Methods
UK Deploys Advisers to United States to Shape Plan for Reopening Strait of Hormuz
Amazon Bets on AI-Driven Alexa Upgrade to Revive UK Smart Speaker Market
UK Abortion Law Changes Spark Strong Response from Church Leaders and Pro-Life Advocates
UK Abortion Law Changes Spark Strong Response from Church Leaders and Pro-Life Advocates
GB News Faces Regulatory Complaints Over On-Air Remarks on ‘Genocide’ Claims
UK Signals Expanded Support for Gulf Allies as Iranian Attacks Intensify Regional Threats
UK VAT Decision Opens Path for Potential Refunds to U.S. Biopharma Firms
UK and Canada Advance ‘Middle Power’ Strategy to Shape Global Influence Beyond Superpowers
Google Explores AI Opt-Out Features in Search to Address UK Regulatory Concerns
Google Explores AI Opt-Out Features in Search to Address UK Regulatory Concerns
UK Fuel Prices Poised to Surge as Global Tensions Drive Oil Market Volatility
UK Fuel Prices Poised to Surge as Global Tensions Drive Oil Market Volatility
UK Holds Back on Hormuz Escort Mission While Continuing Talks with Allies
TrumpRx Pricing Platform Faces Scrutiny as Some Medicines Remain Costlier Than in the UK
UK, Netherlands and Finland Explore Joint Defence Investment Bank to Boost Military Capability
Deadly Meningitis Outbreak in Kent Raises Alarm as Cases Surge and Emergency Response Expands
UK Security Adviser Viewed US-Iran Nuclear Deal as Within Reach Before Sudden Escalation
UK Prime Minister Urges Continued Focus on Ukraine Amid Escalating Iran Conflict
UK Introduces New Safeguards to Shield Lenders from Bank Run Risks
UK Promotional Products Market Surpasses £1.3 Billion as Demand Strengthens in 2025
Reeves Pushes for Deeper UK-EU Economic Ties to Revive Growth
UK Security Adviser Saw No Imminent Iranian Nuclear Threat Days Before War Erupted
France Signals Warm Welcome for UK Return to EU Single Market Amid Renewed Cooperation Talks
UK Defence Official Criticises Boeing Over Delays to E-7 Wedgetail Programme
UK Urged to Secure Quantum Talent as Minister Warns Against Repeating AI Setbacks
UK Mayors Set to Gain New Spending Powers Under Reeves’ Fiscal Devolution Plan
Western Allies Urge Restraint as Israel Weighs Expanded Ground Operation in Lebanon
Trump Warns NATO Faces ‘Very Bad’ Future Without Stronger Allied Support in Iran Conflict
UK Minister Says Britain Not Bound to Support Every Demand From U.S. President
Starmer Tells Trump Britain Will Not Be Drawn Into Wider Iran War
Starmer Tells Trump Britain Will Not Be Drawn Into Wider Iran War
×