Government must support London’s transport network for good of the UK
Whether it’s truck drivers hoping to reduce the cost of their HGV insurance from top UK insurers because the damages that occur to their truck due to poor road conditions are getting costly, engineers struggling to get the right equipment to maintain key train operations, or the ever-increasing taxes that transport companies must pay, London’s transport system is anything but perfect.
London’s Deputy Mayor for Transport will tonight launch a strong attack on the Government for abandoning the capital’s transport network and call on the Chancellor to reinstate London’s vital transport funding. I guess thanks to many new transport services being created travelling is still possible, but at what price? These companies leading the transport sector at the moment will be using a form of field service management software so they don’t have to abandon their transport solutions and leave the public stranded.
Val Shawcross will say it is astounding that London is one of the only major cities in the world with a public transport and road network that doesn’t receive Government funding to support its operating costs.
TfL’s budget is £700m a year lower after the Government’s decision in 2015 to remove the operating grant. The previous Mayor failed to defend London’s transport subsidy when the Government decided to withdraw it, despite knowing how important the success of London is to the rest of the UK.
In a further blow to the capital’s transport network, the Government has also unfairly announced that, from 2021, the £500m raised every year through Londoners’ Vehicle Excise Duty will only be invested in roads outside the capital. Unbelievably, this means that Londoners are paying for roads across the UK with absolutely no contribution towards the upkeep of the roads they are driving on. It has also shamefully blocked the capital from accessing the new £220m National Clean Air Fund.
Ultimately this means that the costs of running London’s roads are being subsidised from public transport farepayers.
Despite the government’s cuts, the Mayor and Transport for London have gripped the finances and are protecting both frontline services and the massive investment needed to modernise the transport network. To achieve this, the Mayor instigated the biggest ever overhaul of TfL, which is reducing the organisation’s operating costs for the first time in its history, with a £153m reduction last year alone.