UK government gives London underground operator Transport for London a bailout. AFP / Isabel INFANTES
UK government gives London underground operator Transport for London a bailout. AFP / Isabel INFANTES
UK government gives London underground operator Transport for London a bailout. AFP / Isabel INFANTES
UK government gives London underground operator Transport for London a bailout. AFP / Isabel INFANTES

London transport system secures £1.8bn government bailout


Nicky Harley
  • English
  • Arabic

London's transport system has been given a £1.8 billion ($2.33bn) bailout after the coronavirus pandemic destroyed its revenues.

The announcement was made on Sunday ahead of England being plunged into a second lockdown.

Transport for London (TfL), which runs the British capital's public transport network, secured the government funding to enable it to continue running services until March.

The government pumped £1.6bn into the system in May to restore services and help prevent overcrowding as people returned to work when the first national shutdown was eased.

From Thursday, England will begin a four-week lockdown with people ordered to stay at home except in cases where exemptions apply, such as for essential work, education or exercise.

Pubs and restaurants will shut unless serving takeaway food, while all leisure and entertainment venues and non-essential shops will close.

TfL said the exact amount of money it will receive from the government would be subject to passenger revenue in the coming months.

London mayor Sadiq Khan, from the opposition Labour party, had for weeks been opposing raising fares in exchange for the funding boost.

He said it was not "a perfect deal" but that he had succeeded in "killing off the very worst government proposals".

Transport Secretary Grant Shapps described the agreement as "fair to taxpayers across the country".

Last month, Prime Minister Boris Johnson had claimed TfL was "effectively bankrupted" before the coronavirus pandemic and said proposals to raise fares were "entirely the responsibility" of Mr Khan.

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How to come clean about financial infidelity
  • Be honest and transparent: It is always better to own up than be found out. Tell your partner everything they want to know. Show remorse. Inform them of the extent of the situation so they know what they are dealing with.
  • Work on yourself: Be honest with yourself and your partner and figure out why you did it. Don’t be ashamed to ask for professional help. 
  • Give it time: Like any breach of trust, it requires time to rebuild. So be consistent, communicate often and be patient with your partner and yourself.
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Carol Glynn, founder of Conscious Finance Coaching

SERIES INFO

Afghanistan v Zimbabwe, Abu Dhabi Sunshine Series

All matches at the Zayed Cricket Stadium, Abu Dhabi

Test series

1st Test: Zimbabwe beat Afghanistan by 10 wickets
2nd Test: Wednesday, 10 March – Sunday, 14 March

Play starts at 9.30am

T20 series

1st T20I: Wednesday, 17 March
2nd T20I: Friday, 19 March
3rd T20I: Saturday, 20 March

TV
Supporters in the UAE can watch the matches on the Rabbithole channel on YouTube

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UAE currency: the story behind the money in your pockets