More Tube strikes likely after TfL funding deal, warns union
Posted: Thu Sep 01, 2022 4:51 am
More Tube strikes likely after TfL funding deal, warns union
A new £3.6bn government bailout for Transport for London (TfL) will lead to fresh strikes on the network, a rail trade union has warned.
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The Department for Transport (DfT) reached the deal with TfL on Tuesday to keep public transport running.
The Rail, Maritime and Transport union (RMT) says the settlement, which has conditions, will lead to an "attack" on Tube workers' pay and pensions.
TfL has urged the RMT to work with it "constructively" following the deal.
The new funding package, which lasts until 31 March 2024, is the sixth bailout for TfL, whose revenues plummeted during the Covid-19 pandemic.
It includes almost £1.2bn of upfront funding that will allow new Piccadilly line trains to be built, as well as upgrades to three Tube lines.
However, Mayor of London Sadiq Khan, who is also chair of TfL, has warned of cuts to bus services and potential fare rises of up to 14% next year.
He said on Tuesday the latest bailout has terms he "had no choice but to accept in order to get the deal over the line to avoid TfL becoming bankrupt", to save jobs and keep services running.
In letter to Mr Khan, Transport Secretary Grant Shapps also called for a commitment to "press forward" with the introduction of driverless trains on the London Underground.
His department said Mr Khan had also committed to submit proposals to reform pensions by the end of September.
A new £3.6bn government bailout for Transport for London (TfL) will lead to fresh strikes on the network, a rail trade union has warned.
SLOTXO Free to play anytime, anywhere, each game can win the big jackpot. Big bonuses, easy to break, quick breaks, and a quality team that is available 24 hours a day, if you have any questions or problems, you can get in touch.
The Department for Transport (DfT) reached the deal with TfL on Tuesday to keep public transport running.
The Rail, Maritime and Transport union (RMT) says the settlement, which has conditions, will lead to an "attack" on Tube workers' pay and pensions.
TfL has urged the RMT to work with it "constructively" following the deal.
The new funding package, which lasts until 31 March 2024, is the sixth bailout for TfL, whose revenues plummeted during the Covid-19 pandemic.
It includes almost £1.2bn of upfront funding that will allow new Piccadilly line trains to be built, as well as upgrades to three Tube lines.
However, Mayor of London Sadiq Khan, who is also chair of TfL, has warned of cuts to bus services and potential fare rises of up to 14% next year.
He said on Tuesday the latest bailout has terms he "had no choice but to accept in order to get the deal over the line to avoid TfL becoming bankrupt", to save jobs and keep services running.
In letter to Mr Khan, Transport Secretary Grant Shapps also called for a commitment to "press forward" with the introduction of driverless trains on the London Underground.
His department said Mr Khan had also committed to submit proposals to reform pensions by the end of September.